Hill International (HIL) 10-Q 16 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 11, 2015
Document and Entity Information
Entity Registrant Name	Hill International, Inc.
Entity Central Index Key	1,287,808
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		51,559,671
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 23,901	$ 30,124
Cash - restricted	4,191	8,851
Accounts receivable, less allowance for doubtful accounts of $59,282 and $60,801	236,824	195,098
Accounts receivable - affiliate	8,201	3,993
Prepaid expenses and other current assets	17,769	14,277
Income taxes receivable	3,891	4,246
Deferred income tax assets	6,668	6,575
Total current assets	301,445	263,164
Property and equipment, net	22,565	11,643
Cash - restricted, net of current portion	739	7,156
Retainage receivable	3,150	3,300
Acquired intangibles, net	16,081	19,282
Goodwill	75,212	80,437
Investments	3,804	5,083
Deferred income tax assets	12,496	13,645
Other assets	14,064	15,899
Total assets	449,556	419,609
Liabilities and Stockholders' Equity
Current maturities of notes payable	2,982	6,361
Accounts payable and accrued expenses	103,310	93,637
Income taxes payable	11,173	9,306
Deferred revenue	16,194	19,896
Deferred income taxes	2,326	2,456
Other current liabilities	13,733	10,044
Total current liabilities	149,718	141,700
Notes payable, net of current maturities	140,492	121,875
Retainage payable	2,916	2,448
Deferred income taxes	13,419	15,661
Deferred revenue	14,384	12,193
Other liabilities	10,946	3,732
Total liabilities	$ 331,875	$ 297,609
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.0001 par value; 1,000 shares authorized, none issued
Common stock, $.0001 par value; 100,000 shares authorized, 58,171 shares and 56,920 shares issued at September 30, 2015 and December 31, 2014, respectively	$ 6	$ 6
Additional paid-in capital	187,731	179,912
Retained earnings (deficit)	2,319	(5,726)
Accumulated other comprehensive loss	(45,694)	(32,600)
Shareholders' equity before treasury stocks and noncontrolling interest	144,362	141,592
Less treasury stock of 6,614 shares and 6,546 shares at September 30, 2015 and December 31, 2014, respectively, at cost	(28,665)	(28,304)
Hill International, Inc. share of equity	115,697	113,288
Noncontrolling interests	1,984	8,712
Total equity	117,681	122,000
Total liabilities and stockholders' equity	$ 449,556	$ 419,609

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 59,282	$ 60,801
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	58,171	56,920
Treasury stock, shares	6,614	6,546

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS
Consulting fee revenue	$ 158,579	$ 145,324	$ 469,458	$ 427,088
Reimbursable expenses	20,356	16,167	61,393	44,055
Total revenue	178,935	161,491	530,851	471,143
Cost of services	89,345	82,675	268,174	244,511
Reimbursable expenses	20,356	16,167	61,393	44,055
Total direct expenses	109,701	98,842	329,567	288,566
Gross profit	69,234	62,649	201,284	182,577
Selling, general and administrative expenses	57,527	51,352	173,101	151,677
Equity in losses of affiliate	14		231
Operating profit	11,693	11,297	27,952	30,900
Interest expense and related financing fees, net	4,147	16,112	11,252	26,834
Earnings (loss) before income taxes	7,546	(4,815)	16,700	4,066
Income tax expense	4,210	3,800	7,980	5,117
Net earnings (loss)	3,336	(8,615)	8,720	(1,051)
Less: net earnings - noncontrolling interests	388	351	675	1,089
Net earnings (loss) attributable to Hill International, Inc	$ 2,948	$ (8,966)	$ 8,045	$ (2,140)
Basic earnings (loss) per common share - Hill International, Inc.	$ 0.06	$ (0.19)	$ 0.16	$ (0.05)
Basic weighted average common shares outstanding (in shares)	51,119	46,606	50,661	42,348
Diluted earnings (loss) per common share - Hill International, Inc.	$ 0.06	$ (0.19)	$ 0.16	$ (0.05)
Diluted weighted average common shares outstanding (in shares)	51,803	46,606	51,274	42,348

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
Consolidated net earnings (loss)	$ 3,336	$ (8,615)	$ 8,720	$ (1,051)
Foreign currency translation adjustment, net of tax	(8,630)	(2,759)	(15,910)	(210)
Other, net	(78)	(238)	(213)	184
Comprehensive loss	(5,372)	(11,612)	(7,403)	(1,077)
Comprehensive (loss) earnings attributable to noncontrolling interests	(2,992)	(598)	(6,728)	327
Comprehensive loss attributable to Hill International, Inc.	$ (2,380)	$ (11,014)	$ (675)	$ (1,404)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net earnings (loss)	$ 8,720	$ (1,051)
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization	8,286	7,276
Provision for bad debts	2,540	1,501
Interest accretion on term loan		15,526
Deferred tax expense	(1,585)	(2,623)
Share based compensation	2,360	2,712
Changes in operating assets and liabilities, net:
Restricted cash	10,658	3,716
Accounts receivable	(57,690)	(15,779)
Accounts receivable - affiliate	(2,830)	(1,648)
Prepaid expenses and other current assets	(4,556)	2,381
Income taxes receivable	25	589
Retainage receivable	150	(1,132)
Other assets	2,342	1,065
Accounts payable and accrued expenses	15,194	(3,524)
Income taxes payable	1,455	(2,603)
Deferred revenue	589	(7,610)
Other current liabilities	7,398	(2,711)
Retainage payable	474	1,166
Other liabilities	2,878	(3,599)
Net cash used in operating activities	(3,592)	(6,348)
Cash flows from investing activities:
Purchase of business, net of cash acquired	(4,384)	(2,393)
Payments for purchase of property and equipment	(11,447)
Net cash used in investing activities	(15,831)	(2,393)
Cash flows from financing activities:
Due to bank		(2)
Net borrowings on revolving loans	14,252	(14,793)
Proceeds from Philadelphia Industrial Development Corporation loan	750
Payments on Philadelphia Industrial Development Corporation loan	(27)
Net Proceeds from secondary public offering of common stock		38,078
Net proceeds from new term loan and revolving credit facilities		120,000
Payoff and termination of term loan		(100,000)
Payoff and termination of revolving credit facility		(25,500)
Payments of financing fees		(9,484)
Dividends paid to noncontrolling interest	(130)	(173)
Proceeds from stock issued under employee stock purchase plan	57	158
Proceeds from exercise of stock options	137	1,032
Net cash provided by financing activities	15,039	9,316
Effect of exchange rate changes on cash	(1,839)	(2,431)
Net increase (decrease) in cash and cash equivalents	(6,223)	(1,856)
Cash and cash equivalents - beginning of period	30,124	30,381
Cash and cash equivalents - end of period	$ 23,901	$ 28,525

Restatement and Revision of Pre

Restatement and Revision of Previously Reported Consolidated Financial Statements	9 Months Ended
	Sep. 30, 2015
Restatement and Revision of Previously Reported Consolidated Financial Statements
Restatement and Revision of Previously Reported Consolidated Financial Statements	Note 1 — Restatement and Revision of Previously Reported Consolidated Financial Statements Due to the civil and political unrest which commenced in Libya in February 2011, the Company suspended its operations in and demobilized substantially all of its personnel from Libya. At December 31, 2012, the Libya Receivable was approximately $59,937,000, however, because of the political instability and economic uncertainty within Libya and because a promised payment of $31,600,000 in 2011 never materialized, the Company determined that its previous accounting treatment for the Libya Receivable was no longer appropriate as of and for the year ended December 31, 2012. The Company has established a reserve against the entire Libya Receivable amounting to $59,937,000 and eliminated $11,388,000 of certain assets and net liabilities related to that receivable, consisting of sub-consultants and other contingent expenses in 2012, which are contractually owed only upon receipt of payment. These adjustments resulted in a net charge to selling, general and administrative expenses of $48,549,000 for the year ended December 31, 2012. We received approximately $2,880,000 and $6,631,000 in 2013 and 2014, respectively and have paid agency fees and certain taxes amounting to $640,000 and $1,638,000 in 2013 and 2014, respectively. We have accounted for these transactions as a net reduction of selling, general and administrative expenses of $2,240,000 and $4,948,000 in 2013 and 2014, respectively. In addition the Company recorded certain unrelated adjustments to consulting fee revenue, cost of services, selling, general and administrative expenses and income taxes for the year ended December 31, 2014 which also affected the three-month period ended March 31, 2015. In the aggregate, these unrelated adjustments decreased the net earnings by approximately $307,000 for the nine months ended September 30, 2015. These unrelated adjustments were the direct result of the restatement because previous immaterial variances in certain accounts that were not recorded during the December 31, 2014 year end closing process became material when aggregated and assessed against the restated 2014 financial statements. The impact of correcting the misstatement on the Company’s consolidated statements of earnings, comprehensive (loss) earnings and cash flows for the period ended September 30, 2014 is as follows: Nine Months Ended September 30, 2014 As Previously Reported Adjustment As Restated Consolidated Statement of Operations Consulting fee revenue $ $ — $ Reimbursable expenses — Total revenue — Cost of Services — Reimbursable expenses — Total direct costs — Gross profit — Selling, general and administrative expenses ) Operating profit Interest and related financing fees, net — Earnings (loss) before income taxes ) Income tax expense ) Net loss ) ) Less: net earnings - noncontrolling interests — Net loss attributable to Hill International, Inc. $ ) $ $ ) Basic loss per common share - Hill International, Inc. $ ) $ $ ) Diluted loss per common share _ Hill International, Inc. $ ) $ $ ) Nine Months Ended September 30, 2014 Consolidated Statement of Comprehensive Loss Net loss $ ) $ $ ) Foreign currency translation adjustment, net ) ) Other, net — Comprehensive loss ) ) Comprehensive loss attributable to noncontrolling interests — Comprehensive loss attributable to Hill International, Inc. $ ) $ $ ) Nine Months Ended September 30, 2014 Consolidated Statement of Cash Flows Net Loss $ ) $ $ ) Depreciation and amortization — Provision for bad debts — Interest accretion on term loan — Deferred tax expense ) ) ) Share based compensation — Restricted cash — Accounts receivable ) ) ) Accounts receivable - affiliate ) — ) Prepaid expenses and other current assets — Income taxes receivable — Retainage receivable ) — ) Other assets — Accounts payable and accrued expenses ) ) Income taxes payable ) — ) Deferred revenue ) — ) Other current liabilities ) — ) Retainage payable — Other liabilities ) — ) Net cash used in operations ) — ) Investing activities Net cash used in investing activities ) — ) Financing activities Net cash provided by financing activities — Effect of exchange rate changes on cash ) — ) Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents - beginning of period — Cash and cash equivalents - end of period $ $ — $

The Company

The Company	9 Months Ended
	Sep. 30, 2015
The Company
The Company	Note 2 - The Company Hill International, Inc. (“Hill” or the “Company”) is a professional services firm that provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets worldwide. Hill’s clients include the U.S. federal government, U.S. state and local governments, foreign governments and the private sector. The Company is organized into two key operating divisions: the Project Management Group and the Construction Claims Group.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policy	9 Months Ended
	Sep. 30, 2015
Basis of Presentation and Significant Accounting Policy
Basis of Presentation and Significant Accounting Policy	Note 3 — Basis of Presentation and Significant Accounting Policy Basis of Presentation The accompanying unaudited interim consolidated financial statements were prepared in accordance with the rules and regulations of the Securities and Exchange Commission pertaining to reports on Form 10-Q and should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2014. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In the opinion of management, these statements include all adjustments (consisting only of normal, recurring adjustments) necessary for a fair presentation of the consolidated financial statements. The consolidated financial statements include the accounts of Hill and its wholly- and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The interim operating results are not necessarily indicative of the results for a full year. Fair Value Measurements Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, the Company considers the principal or most advantageous market in which it would transact, and the Company considers assumptions that market participants would use when pricing the asset or liability. It measures certain financial and nonfinancial assets and liabilities at fair value on a recurring and nonrecurring basis. Nonfinancial assets and liabilities include items such as goodwill and long lived assets that are measured at fair value resulting from impairment, if deemed necessary. During the nine months ended September 30, 2015 and 2014, the Company did not record any fair value adjustments to those financial and nonfinancial assets and liabilities measured at fair value on a recurring or nonrecurring basis.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2015
Acquisitions
Acquisitions	Note 4 — Acquisitions Our recent acquisition activity is detailed below. The Company’s consolidated financial statements include the operating results of these businesses from their respective dates of acquisition. Pro forma results of operations have not been presented because they are not material to the Company’s consolidated results of operations, either individually or in the aggregate. Engineering S.A. (“ESA”) In April 2015, two shareholders who owned approximately 19% of ESA exercised their ESA Put Options claiming an aggregate value of BRL 10,645,000 (approximately $3,416,000 at September 30, 2015). As an incentive to the sellers to receive Hill’s common stock as payment, the Company offered the sellers a 25% premium. The sellers countered the Company’s offer by requesting payment in common stock at the U.S. dollar value on April 4, 2015 (approximately $4,374,000) as well as a price guarantee upon the sale of the stock during a 30-day period after closing. The Company agreed to the counter offer and paid the liability with 924,736 shares of its common stock in August 2015. On October 6, 2015, the sellers offered 129,648 shares of Hill’s common stock to the Company for a price of approximately $580,000. The Company agreed to acquire the shares which will be placed in treasury. Settlement is expected to occur in late November 2015. The Company now owns approximately 91% of ESA. IMS Proje Yonetimi ve Danismanlik A.S. On April 15, 2015, the Company acquired all of the equity interests of IMS Proje Yonetimi ve Danismanlik A.S. (“IMS”), a firm that provides project management services for international developers, institutional investors and major retailers. IMS had approximately 80 professionals and is headquartered in Istanbul, Turkey. Consideration consisted of an Initial Purchase Price of 12,411,000 Turkish Lira (“TRY”) (approximately $4,640,000 as of the closing date) comprised of TRY 4,139,000 (approximately $1,547,000) paid in cash on the closing date plus a second payment of TRY 8,272,000 (approximately $3,145,000) which was paid on May 12, 2015; a Holdback Purchase Price of TRY 4,400,000 (approximately $1,626,000) payable in cash on April 15, 2016, less any set off related to certain indemnification obligations; and a potential Additional Purchase Price of (i) TRY 1,700,000 (approximately $628,000) if earnings before interest, income taxes, depreciation and amortization for the twelve month period subsequent to the closing date (“EBITDA”) exceeds TRY 3,500,000 (approximately $1,294,000) or (ii) TRY 1,500,000 ($554,000) if EBITDA is less than TRY 3,500,000 but not less than TRY 3,200,000 ($1,183000). The Company accrued the Holdback Purchase Price and the potential Additional Purchase Price of TRY 6,100,000 ($2,255,000), of which TRY 4,400,000 ($1,627,000) is included in other current liabilities and TRY 1,700,000 ($628,000) is included in other liabilities in the consolidated balance sheet at September 30, 2015. The Company acquired intangible assets and goodwill amounting to TRY 10,575,000 (approximately $3,953,000 on the date of acquisition) and TRY 9,421,000 (approximately $3,522,000), respectively. The acquired intangible assets have a weighted average life of seven years. The acquired intangible assets consist of a client relationship intangible of TRY 6,235,000 ($2,331,000) with a ten-year life, a trade name intangible of TRY 434 ,000 ($162,000) with a two-year life and a contract intangible of TRY 3,906,000 ($1,460,000) with a 2.6 year life. Goodwill, which is not deductible for income tax purposes, has been allocated to the Project Management operating segment. Angus Octan Scotland Ltd. On October 31, 2014, our subsidiary Hill International (UK) Ltd. acquired all of the outstanding common stock of Angus Octan Scotland Ltd., which included its subsidiary companies Cadogan Consultants Ltd., Cadogan Consult Ltd. and Cadogan International Ltd. (collectively, “Cadogans”). Cadogans, which had 27 professionals, has offices in Glasgow and Dundee. The acquisition expanded Hill’s construction claims business and provided additional resources in the energy and industrial sectors. Total consideration for the acquisition was £2,719,000 (approximately $4,350,000 at the date of acquisition). The consideration consists of cash payments of £1,000,000 ($1,600,000) at closing, £600,000 ($960,000) on November 25, 2014, £400,000 ($640,000) on December 23, 2014, £519,000 ($830,000) to be paid on October 31, 2015 and an earn-out based upon the average earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the two-year period ending on October 31, 2016 (which amount shall not be less than £0 nor more than £200,000). The Company accrued the potential additional consideration of £719,000 ($1,090,000), of which £519,000 (approximately $787,000 at September 30, 2015) is included in other current liabilities and £200,000 (approximately $303,000 at September 30, 2015) is included in other liabilities in the consolidated balance sheet at September 30, 2015. Two of the selling shareholders may receive an earn-out in five annual installments of up to £100,000 ($152,000 at September 30, 2015), which will be charged to earnings, provided that Cadogans’ EBITDA for each of the years ending October 31, 2015, 2016, 2017, 2018 and 2019 is equal to or greater than £396,000 ($600,000).

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2015
Accounts Receivable.
Accounts Receivable	Note 5 — Accounts Receivable The components of accounts receivable are as follows (in thousands): September 30, 2015 December 31, 2014 Billed $ $ Retainage, current portion Unbilled Allowance for doubtful accounts ) ) $ $ Libya Receivable The Company has open but inactive contracts with the Libyan Organization for the Development of Administrative Centres (“ODAC”). Due to the civil unrest which commenced in Libya in February 2011, the Company suspended its operations in and demobilized substantially all of its personnel from Libya. At December 31, 2012, the balance of the Libya Receivable was approximately $59,937,000. Because of the continuing political instability in Libya, the Company established a reserve for the full amount of the receivable at December 31, 2012. During 2013, the Company received payments on the Libya Receivable of approximately $2,880,000. In the first quarter of 2014, the Company received an additional payment of approximately $6,631,000 against the Libya Receivable which has been reflected as a reduction of selling, general and administrative (“SG&A”) expenses for the nine-months ended September 30, 2014. At September 30, 2015, after a decrease of approximately $1,151,000 due to the effect of foreign exchange translation losses, the Libya Receivable was approximately $49,275,000 which continues to be fully reserved. It is management’s intention to continue to pursue collection of monies owed to the Company by ODAC and, if subsequent payments are received, the Company will reflect such receipts, net of any third party obligations related to the collections, as reductions of SG&A expenses.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2015
Intangible Assets
Intangible Assets	Note 6 — Intangible Assets The following table summarizes the Company’s acquired intangible assets (in thousands): September 30, 2015 December 31, 2014 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Client relationships $ $ $ $ Acquired contract rights Trade names Total $ $ $ $ Intangible assets, net $ $ Amortization expense related to intangible assets was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 $ $ $ $ The following table presents the estimated amortization expense based on our present intangible assets for the next five years (in thousands): Estimated Amortization Year Ending December 31, Expense 2015 (remaining 3 months) $ 2016 2017 2018 2019

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2015
Goodwill
Goodwill	Note 7 — Goodwill The Company performs its annual goodwill impairment testing, by reporting unit, in the third quarter, or more frequently if events or changes in circumstances indicate that goodwill may be impaired. Application of the goodwill impairment test requires significant judgments including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for the businesses, the useful life over which cash flows will occur, and determination of the Company’s weighted average cost of capital. Changes in these estimates and assumptions could materially affect the determination of fair value and/or conclusions on goodwill impairment for each reporting unit. The Company performed its annual impairment test effective July 1, 2015. Based on a preliminary valuation, the fair value of the Project Management unit and the Construction Claims unit significantly exceeded their carrying. The following table summarizes the changes in the Company’s carrying value of goodwill during 2015 (in thousands): Project Construction Management Claims Total Balance, December 31, 2014 $ $ $ Additions — Translation adjustments ) ) ) Balance, September 30, 2015 $ $ $

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2015
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Expenses	Note 8 — Accounts Payable and Accrued Expenses Below are the components of accounts payable and accrued expenses (in thousands): September 30, 2015 December 31, 2014 Accounts payable $ $ Accrued payroll Accrued subcontractor fees Accrued agency fees Accrued legal and professional fees Other accrued expenses $ $

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	9 Months Ended
	Sep. 30, 2015
Notes Payable and Long-Term Debt
Notes Payable and Long-Term Debt	Note 9 — Notes Payable and Long-Term Debt Outstanding debt obligations are as follows (in thousands): September 30, 2015 December 31, 2014 Term Loan Facility $ $ Domestic Revolving Credit Facility International Revolving Credit Facility Borrowings under revolving credit facilities with a consortium of banks in Spain Borrowing under unsecured credit facility with Ibercaja Bank in Spain Borrowing from Philadelphia Industrial Development Corporation — Other notes payable — Less current maturities Notes payable and long-term debt, net of current maturities $ $ Refinancing Effective as of September 26, 2014 (the “Closing Date”), the Company, entered into a credit agreement with Société Générale, as administrative agent (the “Agent”) and collateral agent, TD Bank, N.A., as syndication agent and HSBC Bank USA, N.A., as documentation agent, (collectively, the “U.S. Lenders”) consisting of a term loan facility of $120,000,000 (the “Term Loan Facility”) and a $30,000,000 U.S. dollar-denominated facility available to the Company (the “U.S. Revolver,” together with the Term Loan Facility, the “U.S. Credit Facilities”) and a credit agreement with the Agent, as administrative agent and collateral agent, (the “International Lender”) providing a facility of approximately €11,765,000 ($15,000,000 at the closing date and $13,240,000 at September 30, 2015) which is available to the Subsidiary (the “International Revolver” and together with the U.S. Revolver, the “Revolving Credit Facilities” and, together with the U.S. Credit Facilities, the “Secured Credit Facilities”). The U.S. Revolver and the International Revolver include sub-limits for letters of credit amounting to $25,000,000 and €8,000,000, respectively. The Secured Credit Facilities contain customary default provisions, representations and warranties, and affirmative and negative covenants, and require the Company to comply with certain financial and reporting covenants (see Note 19). The financial covenants consist of a Maximum Consolidated Net Leverage Ratio and an Excess Account Concentration requirement. The Consolidated Net Leverage Ratio is the ratio of (a) consolidated total debt (minus cash of up to $10,000,000 held in the aggregate) to consolidated earnings before interest, taxes, depreciation, amortization and share-based compensation for the trailing twelve months. The Excess Account Concentration covenant permits the U.S. Lenders and the International Lender to increase the interest rates by 2.0% if, as of the last day of any fiscal quarter, either (a) the total of accounts receivable from all clients within any country not listed as a Permitted Country as defined in the Secured Credit Facilities (other than the United Arab Emirates) that are more than 120 days old (relative to the invoice date) constitute more than 10% of the total outstanding accounts receivable or (b) accounts receivable from any individual client located in the United Arab Emirates that are more than 120 days old (relative to the invoice date) constitute more than 14% of the total outstanding accounts receivable; provided that, in each case, the accounts receivable due from clients located in Libya that exist as of the Closing Date shall be excluded for all purposes of this covenant. The interest rate will be reset as soon as the accounts receivable over 120 days decline below the 10% or 14% levels. At September 30, 2015, non-permitted accounts receivable did not exceed the limits set forth above. The following compares the Maximum Consolidated Net Leverage Ratio to the actual consolidated net leverage ratio at September 30, 2015: Not to exceed Actual 3.25 to 1.00 3.03 to 1.00 The U.S. Credit Facilities are guaranteed by certain U.S. subsidiaries of the Company, and the International Revolver is guaranteed by the Company and certain of the Company’s U.S. and non-U.S. subsidiaries. Term Loan Facility The interest rate on the Term Loan Facility will be, at the Company’s option, either: · the London Inter-Bank Offered Rate (“LIBOR”) for the relevant interest period plus 6.75% per annum, provided that such LIBOR shall not be lower than 1.00% per annum; or · the Base Rate (as described below) plus 5.75% per annum. The “Base Rate” is a per annum rate equal to the highest of (A) the prime rate, (B) the federal funds effective rate plus 0.50%, or (C) the LIBOR for an interest period of one month plus 1.0% per annum. Upon a default, the applicable rate of interest under the Secured Credit Facilities may increase by 2.0%. The LIBOR on the Term Loan Facilities (including when determining the Base Rate) shall in no event be less than 1.0% per annum. The Company has the right to prepay the Term Loan Facility in full or in part at any time without premium or penalty. The Company is required to make mandatory prepayments of the Term Loan Facility, without premium or penalty, (i) with net proceeds of any issuance or incurrence of indebtedness (other than that permitted under the Term Loan Facility) by the Company, (ii) with net proceeds from certain asset sales outside the ordinary course of business, and (iii) with 50% of the excess cash flow (as defined in the agreement) for each fiscal year of the Borrowers commencing with the year ending December 31, 2015 (which percentage would be reduced to 25% if the Consolidated Net Leverage Ratio is equal to or less than 2.25 to 1.00 or reduced to 0% if the Consolidated Net Leverage Ratio is equal to or less than 1.50 to 1.00). The Term Loan Facility is generally secured by a first-priority security interest in substantially all assets of the Company and certain of the Company’s U.S. subsidiaries other than accounts receivable, cash proceeds thereof and certain bank accounts, as to which the Term Loan Facility is secured by a second-priority security interest. The Term Loan Facility has a term of six years, requires repayment of 0.25% of the original principal amount on a quarterly basis through September 30, 2020, the maturity date. Any amounts repaid on the Term Loan Facility will not be available to be re-borrowed. The Company incurred fees and expenses related to the Term Loan Facility aggregating $7,066,000 which were deferred. The deferred fees are being amortized on a straight-line basis, which approximates the effective interest method, to interest and related financing fees, net over a six-year period which ends on September 30, 2020. Unamortized balances of $5,888,000 and $6,772,000 are included in other assets in the consolidated balance sheets at September 30, 2015 and December 31, 2014, respectively. Revolving Credit Facilities The interest rate on borrowings under the U.S. Revolver will be, at the Company’s option from time to time, either the LIBOR for the relevant interest period plus 3.75% per annum or the Base Rate plus 2.75% per annum. The interest rate on borrowings under the International Revolver will be the European Inter-Bank Offered Rate, or “EURIBOR,” for the relevant interest period (or at a substitute rate to be determined to the extent EURIBOR is not available) plus 4.00% per annum. The Company will pay a commitment fee calculated at 0.50% annually on the average daily unused portion of the U.S. Revolver, and the Subsidiary will pay a commitment fee calculated at 0.75% annually on the average daily unused portion of the International Revolver. The ability to borrow under each of the U.S. Revolver and the International Revolver is subject to a “borrowing base,” calculated using a formula based upon approximately 85% of receivables that meet or satisfy certain criteria (“Eligible Receivables”) and that are subject to a perfected security interest held by either the U.S. Lenders or the International Lender, plus, in the case of the International Revolver only, 10% of Eligible Receivables that are not subject to a perfected security interest held by the International Lender, subject to certain exceptions and restrictions. The Company or the Subsidiary, as applicable, will be required to make mandatory prepayments under their respective Revolving Credit Facilities to the extent that the aggregate outstanding amount thereunder exceeds the then-applicable borrowing base, which payments will be made without penalty or premium. At September 30, 2015, the domestic borrowing base was $30,000,000 and the international borrowing base was €11,795,000 (approximately $13,240,000 at September 30, 2015). Generally, the obligations of the Company under the U.S. Revolver are secured by a first-priority security interest in the above-referenced accounts receivable, cash proceeds and bank accounts of the Company and certain of the Company’s U.S. subsidiaries, and a second-priority security interest in substantially all other assets of the Company and such subsidiaries. The obligations of the Subsidiary under the International Revolver would generally be secured by a first-priority security interest in substantially all accounts receivable, cash proceeds thereof and certain bank accounts of the Subsidiary and certain of the Company’s non-U.S. subsidiaries, and a second-priority security interest in substantially all other assets of the Company and certain of the Company’s U.S. and non-U.S. subsidiaries. The Revolving Credit Facilities have a term of five years and require payment of interest only during the term. Under the Revolving Credit Facilities, outstanding loans may be repaid in whole or in part at any time, without premium or penalty, subject to certain customary limitations, and will be available to be re-borrowed from time to time through expiration on September 30, 2019. The Company incurred fees and expenses related to the Revolving Credit Facilities aggregating $3,000,000 which was deferred. The deferred fees are being amortized on a straight-line basis, which approximates the effective interest method, to interest expense and related financing fees, net over a five-year period which ends on September 30, 2019. Unamortized balances of $2,400,000 and $2,850,000 are included in other assets in the consolidated balance sheet at September 30, 2015 and December 31, 2014, respectively. At September 30, 2015, the Company had $9,286,000 of outstanding letters of credit and $12,214,000 of available borrowing capacity under the U.S. Revolver. At September 30, 2015, the Company had $1,881,000 of outstanding letters of credit and $893,000 of available borrowing capacity under the International Revolver and its other foreign credit agreements (See “Other Debt Arrangements” below for more information). Other Debt Arrangements In connection with the move of its corporate headquarters to Philadelphia, Pennsylvania, the Company received a loan from the Philadelphia Industrial Development Corporation in the amount of $750,000 which bears interest at 2.75%, is repayable in 144 equal monthly installments of $6,121 and matures on May 1, 2027. The Company’s subsidiary, Hill International (Spain) S.A. (“Hill Spain”), maintains a revolving credit facility with six banks (the “Financing Entities”) in Spain which initially provided for total borrowings of up to €5,340,000 with interest at 6.50% on outstanding borrowings. Total availability under this facility was reduced to 75.0% of the initial limit at December 31, 2014 and will be reduced to 50.0% at December 31, 2015. At September 30, 2015, the total facility was approximately €4,005,000 (approximately $4,507,000) and borrowings outstanding were €3,986,000 (approximately $4,486,000). The amount being financed (“Credit Contracts”) by each Financing Entity is between €284,000 (approximately $320,000) and €1,154,000 (approximately $1,299,000). To guarantee Hill Spain’s obligations resulting from the Credit Contracts, Hill Spain provided a guarantee in favor of each one of the Financing Entities, which, additionally, and solely in the case of unremedied failure to make payment, and at the request of each of the Financing Entities, shall grant a first ranking pledge over a given percentage of corporate shares of Hill International Brasil Participacoes Ltda. for the principal, interest, fees, expenses or any other amount owed by virtue of the Credit Contracts, coinciding with the percentage of credit of each Financing Entity with respect to the total outstanding borrowings under this facility. The facility expires on December 17, 2016. Hill Spain also maintains an ICO (Official Credit Institute) loan with Bankia Bank in Spain for €120,000 (approximately $135,000) at September 30, 2015. The availability is reduced by €15,000 on a quarterly basis. At September 30, 2015, total borrowings outstanding were €120,000. The interest rate at September 30, 2015 was 5.91%. The ICO loan expires on August 10, 2017. Hill Spain maintains an unsecured credit facility with the Ibercaja Bank in Spain for €175,000 (approximately $197,000) at September 30, 2015. The availability is being reduced by €175,000 at the end of each calendar quarter. At September 30, 2015, total borrowings outstanding were €175,000. The interest rate at September 30, 2015 was 6.75%. The facility expires on December 31, 2015. The Company maintains a credit facility with the National Bank of Abu Dhabi which provides for total borrowings of up to AED 11,500,000 (approximately $3,131,000 at September 30, 2015) collateralized by certain overseas receivables. At September 30, 2015, there were no borrowings outstanding. The interest rate is the one-month Emirates InterBank Offer Rate plus 3.00% (or 4.41% at September 30, 2015) but no less than 5.50%. This facility was modified in June 2015 to increase availability under Letters of Guarantee to allow for up to AED 200,000,000 (approximately $54,500,000 at September 30, 2015) of which AED 95,221,000 (approximately $25,900,000) was outstanding at September 30, 2015. The credit facility will expire on May 7, 2016. Engineering S.A. maintains four unsecured revolving credit facilities with two banks in Brazil aggregating 2,220,000 Brazilian Reais (BRL) (approximately $542,000 at September 30, 2015), with a weighted average interest rate of 3.69% per month at September 30, 2015. There were no borrowings outstanding on any of these facilities which are renewed automatically every three months. The Company also maintains relationships with other foreign banks for the issuance of letters of credit, letters of guarantee and performance bonds in a variety of foreign currencies. At September 30, 2015, the maximum U.S. dollar equivalent of the commitments was $80,163,000 of which $42,042,000 is outstanding.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information
Supplemental Cash Flow Information	Note 10 — Supplemental Cash Flow Information The following table provides additional cash flow information (in thousands): Nine Months Ended September 30, 2015 2014 Interest and related financing fees paid $ $ Income taxes paid $ $ Increase in property and equipment from a tenant improvement allowance related to the relocation of the corporate headquarters $ $ — Reduction of noncontrolling interest in connection with acquisition of an additional interest in Engineering S.A. $ ) $ ) Increase in additional paid in capital from issuance of shares of common stock related to purchase of CPI $ $ Increase in additional paid in capital from issuance of shares of common stock from cashless exercise of stock options $ $

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2015
Earnings per Share
Earnings per Share	Note 11 — Earnings per Share Basic earnings per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted loss per common share incorporates the incremental shares issuable upon the assumed exercise of stock options, if dilutive. Dilutive stock options increased the average common shares outstanding by approximately 684,000 shares for the three months ended September 30, 2015 and by approximately 613,000 shares for the nine months ended September 30, 2015. Options to purchase 3,208,000 shares and 3,773,000 shares were excluded from the calculation of diluted earnings per common share for the three- and nine-month periods ended September 30, 2015 because they were antidilutive. Dilutive stock options increased the average common shares outstanding by approximately 144,000 shares for the three months ended September 30, 2014 and by approximately 186,000 shares for the nine months ended September 30, 2014. Options to purchase 7,437,000 shares and 7,460,000 shares were excluded from the calculation of diluted (loss) earnings per common share for the three- and nine-month periods ended September 30, 2014 because they were antidilutive.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2015
Share-Based Compensation
Share-Based Compensation	Note 12 — Share-Based Compensation At September 30, 2015, the Company had approximately 7,908,000 options outstanding with a weighted average exercise price of $4.40. During the nine months ended September 30, 2015, the Company granted 1,035,000 options which vest over a five-year period and 63,000 options which vested immediately. The options have a weighted-average exercise price of $4.03 and a weighted average contractual life of 6.9 years. The aggregate fair value of the options was $2,221,000 calculated using the Black-Scholes valuation model. The weighted average assumptions used to calculate fair value were: expected life — 4.9 years; volatility — 59.1% and risk-free interest rate — 1.45%. During the nine months ended September 30, 2015, options for 139,000 shares with a weighted average exercise price of $3.59 were exercised, options for approximately 383,000 shares with a weighted average exercise price of $6.90 lapsed and options for 28,000 shares with a weighted average exercise price of $4.40 were forfeited. During the nine months ended September 30, 2015, employees purchased approximately 18,000 common shares, for an aggregate purchase price of $57,000, pursuant to the Company’s 2008 Employee Stock Purchase Plan. The Company recognized share-based compensation expense in selling, general and administrative expenses in the consolidated statement of operations totaling $899,000 and $785,000 for the three months ended September 30, 2015 and 2014, respectively, and $2,360,000 and $2,712,000 for the nine months ended September 30, 2015 and 2014, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity
Stockholders' Equity	Note 13 — Stockholders’ Equity The following table summarizes the changes in stockholders’ equity during the nine months ended September 30, 2015 (in thousands): Hill International, Noncontrolling Total Inc. Stockholders Interests Stockholders’ equity, December 31, 2014 $ $ $ Net earnings Other comprehensive (loss) ) ) ) Comprehensive earnings (loss) ) ) ) Additional paid in capital — Acquisition of treasury stock ) ) — Adjustment related to ESA put options — ) Stock issued for acquisition of CPI — Stockholders’ equity, September 30, 2015 $ $ $ During May 2015, four of the Company’s directors exercised an aggregate of 84,868 options with an exercise price of $4.25 through the Company on a cashless basis. The Company withheld 67,400 shares as payment for the options and placed those shares in treasury. The directors received a total of 17,468 shares from this transaction. During the nine months ended September 30, 2015, the Company received cash proceeds of $137,000 from the exercise of stock options. In April 2015, two shareholders who own approximately 19% of ESA exercised their ESA Put Options. On August 12, 2015, the Company paid the liability in shares of its common stock. See Note 4 for further information. On May 4, 2015, the Company’s Board of Directors approved the adoption of a stockholder rights plan and, on June 9, 2015, they rescinded that plan.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Taxes
Income Taxes	Note 14 — Income Taxes The effective tax rates for the three months ended September 30, 2015 and 2014 were 55.8% and (78.9%), respectively, and 47.8% and 125.8% for the nine months ended September 30, 2015 and 2014, respectively. The Company’s effective tax rate represents the Company’s effective tax rate for the year based on projected income and mix of income among the various foreign tax jurisdictions, adjusted for discrete transactions occurring during the period. There was no change in the reserve for uncertain tax positions for the three months ended September 30, 2015 and 2014. For the nine months ended September 30, 2015 and 2014, the Company recognized an income tax expense (benefit) related to an increase (decrease) in the reserve for uncertain tax positions of $245,000 and ($2,514,000), respectively. In addition, the Company recognized an income tax (benefit) expense resulting from adjustments to agree the prior year’s book amounts to the actual amounts per the tax returns totaling ($37,000) and $206,000 for the three months ended September 30, 2015 and 2014, respectively, and ($37,000) and $250,000 for the nine months ended September 30, 2015 and 2014, respectively. For both years, the Company’s effective tax rate is significantly higher than it otherwise would be primarily as a result of various foreign withholding taxes and not being able to record an income tax benefit related to the U.S. net operating loss. The components of earnings (loss) before income taxes and the related income tax expense by United States and foreign jurisdictions were as follows (in thousands): Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 U.S. Foreign Total U.S. Foreign Total Earnings (loss) before income taxes $ ) $ $ $ ) $ $ ) Income tax expense, net $ — $ $ $ — $ $ Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 U.S. Foreign Total U.S. Foreign Total (Restated) (Restated) Earnings (loss) before income taxes $ ) $ $ $ ) $ $ Income tax expense, net $ — $ $ $ — $ $ The reserve for uncertain tax positions amounted to $1,220,000 and $975,000 at September 30, 2015 and December 31, 2014, respectively, and is included in “Other liabilities” in the consolidated balance sheet at those dates. During the three and nine months ended September 30, 2015, the reserve for uncertain tax positions was increased by $0 and $245,000, respectively, and was due to certain tax positions taken in foreign jurisdictions. During the three months ended September 30, 2014, the reserve for uncertain tax positions was reduced by $2,514,000 based on management’s assessment that these items were effectively settled with the appropriate foreign tax authorities. During the nine months ended September 30, 2014, the Company also reclassified $420,000 from “Income taxes payable” to the reserve for uncertain tax positions primarily taken in foreign jurisdictions. The Company’s policy is to record income tax related interest and penalties in income tax expense. At September 30, 2015 and December 31, 2014, potential interest and penalties related to uncertain tax positions amounting to $520,000 and $592,000 was included in the balance above. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities and projected future taxable income in making this assessment. Management evaluates the need for valuation allowances on the deferred tax assets according to the provisions of ASC740, Income Taxes. They consider both positive and negative evidence. In making this determination, management assesses all of the evidence available at the time including recent earnings, internally-prepared income projections, and historical financial performance.

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2015
Business Segment Information
Business Segment Information	Note 15 — Business Segment Information The Company’s business segments reflect how executive management makes resource decisions and assesses its performance. The Company bases these decisions on the type of services provided (Project Management and Construction Claims) and secondarily by their geography (U.S./Canada, Latin America, Europe, the Middle East, Africa and Asia/Pacific). The Project Management business segment provides extensive construction and project management services to construction owners worldwide. Such services include program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, project labor agreement consulting, commissioning, estimating and cost management, labor compliance and facilities management services. The Construction Claims business segment provides such services as claims consulting, management consulting, litigation support, expert witness testimony, cost/damages assessment, delay/disruption analysis, adjudication, lender advisory, risk management, forensic accounting, fraud investigation, Project Neutral and international arbitration services. The Company evaluates the performance of its segments primarily on operating profit before corporate overhead allocations and income taxes. The following tables reflect the required disclosures for the Company’s reportable segments (in thousands): Consulting Fee Revenue (“CFR”) Three Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ % Total Revenue Three Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ % Operating Profit Three Months Ended September 30, 2015 2014 Project Management before equity in loss of affiliate $ $ Equity in loss of affiliate ) — Total Project Management Construction Claims Corporate ) ) Total $ $ Depreciation and Amortization Expense Three Months Ended September 30, 2015 2014 Project Management $ $ Construction Claims Subtotal segments Corporate Total $ $ Consulting Fee Revenue by Geographic Region Three Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % During the third quarter ended September 30, 2015, consulting fee revenue for the United Arab Emirates amounted to $29,642,000 representing 18.7% of the total. No other country other than the United States accounted for 10% or more of consolidated consulting fee revenue. During the third quarter ended September 30, 2014, consulting fee revenue for the United Arab Emirates amounted to $18,666,000 representing 12.8% of the total and Oman’s consulting fee revenue amounted to $16,098,000 representing 11.1% of the total. No other country other than the United States accounted for 10% or more of consolidated consulting fee revenue. Total Revenue by Geographic Region Three Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % During the third quarter ended September 30, 2015, total revenue for the United Arab Emirates amounted to $30,910,000 representing 17.3% of the total. No other country except for the United States accounted for 10% or more of consolidated total revenue. During the third quarter ended September 30, 2014, total revenue for the United Arab Emirates amounted to $19,112,000 representing 11.8% of the total and Oman’s total revenue amounted to $16,960,000 representing 10.5% of the total. No other country except for the United States accounted for 10% or more of consolidated total revenue. Consulting Fee Revenue By Client Type Three Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Total Revenue By Client Type Three Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Property, Plant and Equipment, Net by Geographic Location September 30, 2015 December 31, 2014 U.S./Canada $ $ Latin America Europe Middle East Africa Asia/Pacific Total $ $ U.S. $ $ Non-U.S. Total $ $ Consulting Fee Revenue (“CFR”) Nine Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ % Total Revenue Nine Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ % Operating Profit Nine Months Ended September 30, 2015 2014 (Restated) Project Management $ $ Equity in loss of affiliate ) — Total Project Management Construction Claims Corporate ) ) Total $ $ Depreciation and Amortization Expense Nine Months Ended September 30, 2015 2014 Project Management $ $ Construction Claims Subtotal segments Corporate Total $ $ Consulting Fee Revenue by Geographic Region Nine Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % During the nine months ended September 30, 2015, consulting fee revenue for the United Arab Emirates amounted to $83,613,000 representing 17.8% of the total. No other country except the United States accounted for 10% or more of consolidated consulting fee revenue. During the nine months ended September 30, 2014, consulting fee revenue for the United Arab Emirates amounted to $52,385,000 representing 12.3% of the total and Oman’s consulting fee revenue amounted to $50,175,000 representing 11.7% of the total. No other country except the United States accounted for 10% or more of consolidated consulting fee revenue. Total Revenue by Geographic Region Nine Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % During the nine months ended September 30, 2015, total revenue for the United Arab Emirates amounted to $85,898,000 representing 16.2% of the total. No other country except for the United States accounted for 10% or more of consolidated total revenue. During the nine months ended September 30, 2014, total revenue for the United Arab Emirates amounted to $53,352,000 representing 11.3% of the total and Oman’s total revenue amounted to $53,773,000 representing 11.4% of the total. No other country except for the United States accounted for 10% or more of consolidated total revenue. Consulting Fee Revenue By Client Type Nine Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Total Revenue By Client Type Nine Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ %

Client Concentrations

Client Concentrations	9 Months Ended
	Sep. 30, 2015
Client Concentrations
Client Concentrations	Note 16 — Client Concentrations The Company had no clients that accounted for 10% or more of consulting fee revenue during the three and nine months ended September 30, 2015 and one client located in Oman that accounted for 10.4% and 11.1% of consulting fees during the three and nine months ended September 30, 2014, respectively. The Company had no clients that accounted for 10% or more of total revenue during the three and nine months ended September 30, 2015 and one client, located in Oman, that accounted for 10.1% of total revenue during the nine months ended September 30, 2014. The Company has numerous contracts with U.S. federal government agencies that collectively accounted for 1.4% and 3.1% of consulting fee revenue during the three months ended September 30, 2015 and 2014 and 1.5% and 2.6% of consulting revenue during the nine months ended September 30, 2015 and 2014. The Company has numerous contracts with U.S. federal government agencies that collectively accounted for 1.6% and 3.6% of total revenue during each of the three months ended September 30, 2015 and 2014 and 1.6% and 2.9% of total revenue during the nine months ended September 30, 2015 and 2014.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies
Commitments and Contingencies	Note 17 — Commitments and Contingencies General Litigation M.A. Angeliades, Inc. (“Plaintiff”) filed a complaint with the Supreme Court of New York against the Company and the New York City Department of Design and Construction (“DDC”) regarding payment of approximately $8,771,000 for work performed as a subcontractor to the Company plus interest and other costs. On October 5, 2015, pursuant to a settlement agreement, Hill paid Plaintiff approximately $2,596,000, including interest amounting to $1,056,000, of which $448,000 had been previously accrued and $608,000 was charged to expense for the three and nine months ended September 30, 2015. The remaining issues regarding Plaintiff’s requests for change orders and compensation for delay are being negotiated between Plaintiff and the DDC. A former executive of the Company (“Plaintiff”) resigned and filed a labor dispute with the Company in the Dubai Labour Court seeking AED 4,536,239 for end of service remuneration. The Company filed a counterclaim against Plaintiff for breach of employment contract and filed a complaint against Plaintiff’s new employer, Driver Group plc, in the UK for breach of non-solicitation and non-compete obligations in Plaintiff’s employment agreement. On June 15, 2015, the Company paid Plaintiff AED 750,000 ($200,000) pursuant to an executed settlement agreement. During the nine months ended September 30, 2015, the Company recorded an additional $100,000 associated with the settlement payment and $834,000 of related legal costs. From time to time, the Company is a defendant or plaintiff in various legal actions which arise in the normal course of business. As such the Company is required to assess the likelihood of any adverse outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of the provision required for these commitments and contingencies, if any, which would be charged to earnings, is made after careful analysis of each matter. The provision may change in the future due to new developments or changes in circumstances. Changes in the provision could increase or decrease the Company’s earnings in the period the changes are made. It is the opinion of management, after consultation with legal counsel, that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows. Acquisition-Related Contingencies As of September 30, 2015 our subsidiary, Hill International (Spain), S.A. (“Hill Spain”), owned an indirect 91% interest in Engineering S.A. (“ESA”), a firm located in Brazil. ESA’s shareholders entered into an agreement whereby the minority shareholders have a right to compel (“ESA Put Option”) Hill Spain to purchase any or all of their shares during the period from February 28, 2014 to February 28, 2021. Hill Spain also has the right to compel (“ESA Call Option”) the minority shareholders to sell any or all of their shares during the same time period. The purchase price for such shares shall be seven times the earnings before interest and taxes for ESA’s most recently ended fiscal year, net of any financial debt plus excess cash multiplied by a percentage which the shares to be purchased bear to the total number of shares outstanding at the time of purchase, but in the event the ESA Call Option is exercised by Hill Spain, the purchase price shall be increased by five percent. The ESA Put Option and the ESA Call Option must be made within three months after the audited financial statements of ESA have been completed. The Company is committed to pay additional consideration for the purchase of Cadogans in the amount of £600,000, adjusted for the amount by which the net assets of Cadogans is above or below £1,000,000 as of October 31, 2015. The Company paid £579,000 (approximately $894,000) in satisfaction of this obligation on October 31, 2015. Also, the sellers are entitled to an earn-out based upon the average earnings before interest, taxes, depreciation and amortization for the two-year period ending on October 31, 2016 (which amount shall not be less than £0 or more than £200,000). See Note 4.

Other Matters

Other Matters	9 Months Ended
	Sep. 30, 2015
Other Matters
Other Matters	Note 18 — Other Matters In connection with the move of its corporate headquarters to Philadelphia, Pennsylvania, the Company received the following from the Commonwealth of Pennsylvania, the City of Philadelphia and the Philadelphia Industrial Development Corporation: · a $1,000,000 grant received on July 13, 2015. The terms of the grant require the Company to spend at least $6,425,000 on capital expenditures for leasehold improvements and equipment for its new headquarters, remain at One Commerce Square for at least seven years and employ at least 359 persons no later than April 1, 2018. The Company has met the capital expenditure requirement and has a twelve year lease for its corporate headquarters. Upon receipt of the funds, the Company recorded a deferred credit which, assuming the employment requirement is met, will be reflected in income in the second quarter of 2018; · a low interest loan amounting to $750,000. See Note 9; and · a loan amounting to $345,000 which is forgivable if the Company achieves and maintains certain employment levels within the City of Philadelphia by April 30, 2020. The Company is accounting for this item in a manner similar to the grant and has included the deferred credit in other liabilities in the consolidated balance sheet at June 30, 2015. Assuming the employment levels are met, the Company will reflect the item in income in the second quarter of 2020. Additionally, the Company may be eligible to receive job creation tax credits of up to $666,000 from the Commonwealth of Pennsylvania and up to $1,150,000 from the City of Philadelphia. The landlord for the new headquarters provided the Company with a tenant improvement allowance amounting to approximately $3,894,000. The tenant improvement allowance has been deferred, is included in other liabilities in the consolidated balance sheet at September 30, 2015 and is being amortized on a straight-line basis against rent expense over the term of the twelve-year lease commencing on May 1, 2015.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2015
Subsequent Event.
Subsequent Event	Note 19 — Subsequent Event In connection with the restatement of its consolidated financial statements as of and for the year ended December 31, 2014 and as of and for the periods ended March 31, 2015 and June 30, 2015, the Company became in technical default of its Secured Credit Facilities due to certain misrepresentations, reporting and affirmative covenant breaches. On November 3, 2015, the Company received a waiver of the default. The Company paid $81,900 and other out-of-pocket expenses incurred by the Administrative Agent.

Basis of Presentation and Sig26

Basis of Presentation and Significant Accounting Policy (Policies)	9 Months Ended
	Sep. 30, 2015
Basis of Presentation and Significant Accounting Policy
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements were prepared in accordance with the rules and regulations of the Securities and Exchange Commission pertaining to reports on Form 10-Q and should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2014. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In the opinion of management, these statements include all adjustments (consisting only of normal, recurring adjustments) necessary for a fair presentation of the consolidated financial statements. The consolidated financial statements include the accounts of Hill and its wholly- and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The interim operating results are not necessarily indicative of the results for a full year.
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, the Company considers the principal or most advantageous market in which it would transact, and the Company considers assumptions that market participants would use when pricing the asset or liability. It measures certain financial and nonfinancial assets and liabilities at fair value on a recurring and nonrecurring basis. Nonfinancial assets and liabilities include items such as goodwill and long lived assets that are measured at fair value resulting from impairment, if deemed necessary. During the nine months ended September 30, 2015 and 2014, the Company did not record any fair value adjustments to those financial and nonfinancial assets and liabilities measured at fair value on a recurring or nonrecurring basis.

Restatement and Revision of P27

Restatement and Revision of Previously Reported Consolidated Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2015
Restatement and Revision of Previously Reported Consolidated Financial Statements
Schedule of corrections of the misstatement on the Company?s consolidated balance sheets and consolidated statements of income, comprehensive income (loss) and cash flows	Nine Months Ended September 30, 2014 As Previously Reported Adjustment As Restated Consolidated Statement of Operations Consulting fee revenue $ $ — $ Reimbursable expenses — Total revenue — Cost of Services — Reimbursable expenses — Total direct costs — Gross profit — Selling, general and administrative expenses ) Operating profit Interest and related financing fees, net — Earnings (loss) before income taxes ) Income tax expense ) Net loss ) ) Less: net earnings - noncontrolling interests — Net loss attributable to Hill International, Inc. $ ) $ $ ) Basic loss per common share - Hill International, Inc. $ ) $ $ ) Diluted loss per common share _ Hill International, Inc. $ ) $ $ ) Nine Months Ended September 30, 2014 Consolidated Statement of Comprehensive Loss Net loss $ ) $ $ ) Foreign currency translation adjustment, net ) ) Other, net — Comprehensive loss ) ) Comprehensive loss attributable to noncontrolling interests — Comprehensive loss attributable to Hill International, Inc. $ ) $ $ ) Nine Months Ended September 30, 2014 Consolidated Statement of Cash Flows Net Loss $ ) $ $ ) Depreciation and amortization — Provision for bad debts — Interest accretion on term loan — Deferred tax expense ) ) ) Share based compensation — Restricted cash — Accounts receivable ) ) ) Accounts receivable - affiliate ) — ) Prepaid expenses and other current assets — Income taxes receivable — Retainage receivable ) — ) Other assets — Accounts payable and accrued expenses ) ) Income taxes payable ) — ) Deferred revenue ) — ) Other current liabilities ) — ) Retainage payable — Other liabilities ) — ) Net cash used in operations ) — ) Investing activities Net cash used in investing activities ) — ) Financing activities Net cash provided by financing activities — Effect of exchange rate changes on cash ) — ) Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents - beginning of period — Cash and cash equivalents - end of period $ $ — $

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2015
Accounts Receivable.
Components of accounts receivable	The components of accounts receivable are as follows (in thousands): September 30, 2015 December 31, 2014 Billed $ $ Retainage, current portion Unbilled Allowance for doubtful accounts ) ) $ $

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Intangible Assets
Summary of acquired intangible assets	The following table summarizes the Company’s acquired intangible assets (in thousands): September 30, 2015 December 31, 2014 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Client relationships $ $ $ $ Acquired contract rights Trade names Total $ $ $ $ Intangible assets, net $ $
Summary of amortization expense related to intangible assets	Amortization expense related to intangible assets was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 $ $ $ $
Estimated amortization expense of intangible assets for the next five years	The following table presents the estimated amortization expense based on our present intangible assets for the next five years (in thousands): Estimated Amortization Year Ending December 31, Expense 2015 (remaining 3 months) $ 2016 2017 2018 2019

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill
Summary of changes in the company's carrying value of goodwill	The following table summarizes the changes in the Company’s carrying value of goodwill during 2015 (in thousands): Project Construction Management Claims Total Balance, December 31, 2014 $ $ $ Additions — Translation adjustments ) ) ) Balance, September 30, 2015 $ $ $

Accounts Payable and Accrued 31

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2015
Accounts Payable and Accrued Expenses
Components of accounts payable and accrued expenses	Below are the components of accounts payable and accrued expenses (in thousands): September 30, 2015 December 31, 2014 Accounts payable $ $ Accrued payroll Accrued subcontractor fees Accrued agency fees Accrued legal and professional fees Other accrued expenses $ $

Notes Payable and Long-Term D32

Notes Payable and Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Payable and Long-Term Debt
Summary of outstanding debt obligations	Outstanding debt obligations are as follows (in thousands): September 30, 2015 December 31, 2014 Term Loan Facility $ $ Domestic Revolving Credit Facility International Revolving Credit Facility Borrowings under revolving credit facilities with a consortium of banks in Spain Borrowing under unsecured credit facility with Ibercaja Bank in Spain Borrowing from Philadelphia Industrial Development Corporation — Other notes payable — Less current maturities Notes payable and long-term debt, net of current maturities $ $
Schedule of requirements for the Maximum Consolidated Net Leverage Ratio And Actual Ratio	Not to exceed Actual 3.25 to 1.00 3.03 to 1.00

Supplemental Cash Flow Inform33

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information
Schedule of additional cash flow information	The following table provides additional cash flow information (in thousands): Nine Months Ended September 30, 2015 2014 Interest and related financing fees paid $ $ Income taxes paid $ $ Increase in property and equipment from a tenant improvement allowance related to the relocation of the corporate headquarters $ $ — Reduction of noncontrolling interest in connection with acquisition of an additional interest in Engineering S.A. $ ) $ ) Increase in additional paid in capital from issuance of shares of common stock related to purchase of CPI $ $ Increase in additional paid in capital from issuance of shares of common stock from cashless exercise of stock options $ $

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity
Summary of changes in stockholders' equity	The following table summarizes the changes in stockholders’ equity during the nine months ended September 30, 2015 (in thousands): Hill International, Noncontrolling Total Inc. Stockholders Interests Stockholders’ equity, December 31, 2014 $ $ $ Net earnings Other comprehensive (loss) ) ) ) Comprehensive earnings (loss) ) ) ) Additional paid in capital — Acquisition of treasury stock ) ) — Adjustment related to ESA put options — ) Stock issued for acquisition of CPI — Stockholders’ equity, September 30, 2015 $ $ $

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Taxes
Schedule of components of earnings (loss) before income taxes by United States and foreign jurisdictions	The components of earnings (loss) before income taxes and the related income tax expense by United States and foreign jurisdictions were as follows (in thousands): Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 U.S. Foreign Total U.S. Foreign Total Earnings (loss) before income taxes $ ) $ $ $ ) $ $ ) Income tax expense, net $ — $ $ $ — $ $ Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 U.S. Foreign Total U.S. Foreign Total (Restated) (Restated) Earnings (loss) before income taxes $ ) $ $ $ ) $ $ Income tax expense, net $ — $ $ $ — $ $

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Business Segment Information
Consulting Fee Revenue and Total Revenue	Consulting Fee Revenue (“CFR”) Three Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ % Total Revenue Three Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ % Consulting Fee Revenue (“CFR”) Nine Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ % Total Revenue Nine Months Ended September 30, 2015 2014 Project Management $ % $ % Construction Claims Total $ % $ %
Operating Profit	Operating Profit Three Months Ended September 30, 2015 2014 Project Management before equity in loss of affiliate $ $ Equity in loss of affiliate ) — Total Project Management Construction Claims Corporate ) ) Total $ $ Operating Profit Nine Months Ended September 30, 2015 2014 (Restated) Project Management $ $ Equity in loss of affiliate ) — Total Project Management Construction Claims Corporate ) ) Total $ $
Depreciation and Amortization Expense	Depreciation and Amortization Expense Three Months Ended September 30, 2015 2014 Project Management $ $ Construction Claims Subtotal segments Corporate Total $ $ Depreciation and Amortization Expense Nine Months Ended September 30, 2015 2014 Project Management $ $ Construction Claims Subtotal segments Corporate Total $ $
Consulting Fee Revenue and Total Revenue by Geographic Region	Consulting Fee Revenue by Geographic Region Three Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % Total Revenue by Geographic Region Three Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % Consulting Fee Revenue by Geographic Region Nine Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % Total Revenue by Geographic Region Nine Months Ended September 30, 2015 2014 U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ %
Consulting Fee Revenue and Total Revenue By Client Type	Consulting Fee Revenue By Client Type Three Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Total Revenue By Client Type Three Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Consulting Fee Revenue By Client Type Nine Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Total Revenue By Client Type Nine Months Ended September 30, 2015 2014 U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ %
Property, Plant and Equipment, Net by Geographic Location	Property, Plant and Equipment, Net by Geographic Location September 30, 2015 December 31, 2014 U.S./Canada $ $ Latin America Europe Middle East Africa Asia/Pacific Total $ $ U.S. $ $ Non-U.S. Total $ $

Restatement and Revision of P37

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Restatement and Revision of Previously Reported Consolidated Financial Statements
Provision for Doubtful Accounts			$ 2,540,000	$ 1,501,000
Selling, general and administrative expenses	$ 57,527,000	$ 51,352,000	173,101,000	151,677,000
Net earnings (loss)	3,336,000	$ (8,615,000)	8,720,000	(1,051,000)
Adjustment
Restatement and Revision of Previously Reported Consolidated Financial Statements
Selling, general and administrative expenses				(4,948,000)
Net earnings (loss)				5,255,000
Libya
Restatement and Revision of Previously Reported Consolidated Financial Statements
Accounts receivable - Libya	$ 49,275,000		49,275,000				$ 59,937,000
Promised receivable which never materialized								$ 31,600,000
Provision for Doubtful Accounts							59,937,000
Collection amount applied to receivables				$ 6,631,000	$ 6,631,000	$ 2,880,000
Agency fees and taxes					1,638,000	640,000
Selling, general and administrative expense | Libya | Adjustment
Restatement and Revision of Previously Reported Consolidated Financial Statements
Selling, general and administrative expenses					$ (4,948,000)	$ (2,240,000)	48,549,000
Net Loss | Adjustment
Restatement and Revision of Previously Reported Consolidated Financial Statements
Net earnings (loss)			$ (307,000)
Eliminations | Libya
Restatement and Revision of Previously Reported Consolidated Financial Statements
Net assets							$ 11,388,000

Restatement and Revision of P38

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS
Consulting fee revenue	$ 158,579	$ 145,324	$ 469,458	$ 427,088
Reimbursable expenses	20,356	16,167	61,393	44,055
Total revenue	178,935	161,491	530,851	471,143
Cost of services	89,345	82,675	268,174	244,511
Reimbursable expenses	20,356	16,167	61,393	44,055
Total direct expenses	109,701	98,842	329,567	288,566
Gross profit	69,234	62,649	201,284	182,577
Selling, general and administrative expenses	57,527	51,352	173,101	151,677
Operating Profit	11,693	11,297	27,952	30,900
Interest expense and related financing fees, net	4,147	16,112	11,252	26,834
Earnings (loss) before income taxes	7,546	(4,815)	16,700	4,066
Income tax expense	4,210	3,800	7,980	5,117
Net earnings (loss)	3,336	(8,615)	8,720	(1,051)
Less: net earnings - noncontrolling interests	388	351	675	1,089
Net earnings (loss) attributable to Hill International, Inc	$ 2,948	$ (8,966)	$ 8,045	$ (2,140)
Basic loss per common share - Hill International, Inc.	$ 0.06	$ (0.19)	$ 0.16	$ (0.05)
Diluted loss per common share - Hill International, Inc.	$ 0.06	$ (0.19)	$ 0.16	$ (0.05)
As Previously Reported
CONSOLIDATED STATEMENTS OF OPERATIONS
Consulting fee revenue				$ 427,088
Reimbursable expenses				44,055
Total revenue				471,143
Cost of services				244,511
Reimbursable expenses				44,055
Total direct expenses				288,566
Gross profit				182,577
Selling, general and administrative expenses				156,625
Operating Profit				25,952
Interest expense and related financing fees, net				26,834
Earnings (loss) before income taxes				(882)
Income tax expense				5,424
Net earnings (loss)				(6,306)
Less: net earnings - noncontrolling interests				1,089
Net earnings (loss) attributable to Hill International, Inc				$ (7,395)
Basic loss per common share - Hill International, Inc.				$ (0.17)
Diluted loss per common share - Hill International, Inc.				$ (0.17)
Adjustment
CONSOLIDATED STATEMENTS OF OPERATIONS
Selling, general and administrative expenses				$ (4,948)
Operating Profit				4,948
Earnings (loss) before income taxes				4,948
Income tax expense				(307)
Net earnings (loss)				5,255
Net earnings (loss) attributable to Hill International, Inc				$ 5,255
Basic loss per common share - Hill International, Inc.				$ 0.12
Diluted loss per common share - Hill International, Inc.				$ 0.12

Restatement and Revision of P39

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
Net earnings (loss)	$ 3,336	$ (8,615)	$ 8,720	$ (1,051)
Foreign currency translation adjustment, net of tax	(8,630)	(2,759)	(15,910)	(210)
Other, net	(78)	(238)	(213)	184
Comprehensive loss	(5,372)	(11,612)	(7,403)	(1,077)
Comprehensive loss attributable to noncontrolling interests	(2,992)	(598)	(6,728)	327
Comprehensive loss attributable to Hill International, Inc.	$ (2,380)	$ (11,014)	$ (675)	(1,404)
As Previously Reported
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
Net earnings (loss)				(6,306)
Foreign currency translation adjustment, net of tax				(1,651)
Other, net				184
Comprehensive loss				(7,773)
Comprehensive loss attributable to noncontrolling interests				327
Comprehensive loss attributable to Hill International, Inc.				(8,100)
Adjustment
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
Net earnings (loss)				5,255
Foreign currency translation adjustment, net of tax				1,441
Comprehensive loss				6,696
Comprehensive loss attributable to Hill International, Inc.				$ 6,696

Restatement and Revision of P40

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net earnings (loss)	$ 3,336	$ (8,615)	$ 8,720	$ (1,051)
Depreciation and amortization	2,863	2,412	8,286	7,276
Provision for bad debts			2,540	1,501
Interest accretion on term loan				15,526
Deferred tax expense			(1,585)	(2,623)
Share based compensation			2,360	2,712
Restricted cash			10,658	3,716
Accounts receivable			(57,690)	(15,779)
Accounts receivable - affiliate			(2,830)	(1,648)
Prepaid expenses and other current assets			(4,556)	2,381
Income taxes receivable			25	589
Retainage receivable			150	(1,132)
Other assets			2,342	1,065
Accounts payable and accrued expenses			15,194	(3,524)
Income taxes payable			1,455	(2,603)
Deferred revenue			589	(7,610)
Other current liabilities			7,398	(2,711)
Retainage payable			474	1,166
Other liabilities			2,878	(3,599)
Net cash used in operating activities			(3,592)	(6,348)
Investing activities
Net cash used in investing activities			(15,831)	(2,393)
Financing activities
Net cash provided by financing activities			15,039	9,316
Effect of exchange rate changes on cash			(1,839)	(2,431)
Net increase (decrease) in cash and cash equivalents			(6,223)	(1,856)
Cash and cash equivalents - beginning of period			30,124	30,381
Cash and cash equivalents - end of period	$ 23,901	28,525	$ 23,901	28,525
As Previously Reported
Operating activities:
Net earnings (loss)				(6,306)
Depreciation and amortization				7,276
Provision for bad debts				1,501
Interest accretion on term loan				15,526
Deferred tax expense				(2,316)
Share based compensation				2,712
Restricted cash				3,716
Accounts receivable				(9,148)
Accounts receivable - affiliate				(1,648)
Prepaid expenses and other current assets				2,381
Income taxes receivable				589
Retainage receivable				(1,132)
Other assets				1,065
Accounts payable and accrued expenses				(5,207)
Income taxes payable				(2,603)
Deferred revenue				(7,610)
Other current liabilities				(2,711)
Retainage payable				1,166
Other liabilities				(3,599)
Net cash used in operating activities				(6,348)
Investing activities
Net cash used in investing activities				(2,393)
Financing activities
Net cash provided by financing activities				9,316
Effect of exchange rate changes on cash				(2,431)
Net increase (decrease) in cash and cash equivalents				(1,856)
Cash and cash equivalents - beginning of period				30,381
Cash and cash equivalents - end of period		$ 28,525		28,525
Adjustment
Operating activities:
Net earnings (loss)				5,255
Deferred tax expense				(307)
Accounts receivable				(6,631)
Accounts payable and accrued expenses				$ 1,683

The Company (Details)

The Company (Details)	9 Months Ended
	Sep. 30, 2015division
The Company
Number of key operating divisions	2

Acquisitions (Details)

Acquisitions (Details)

Oct. 31, 2015GBP (£)

Oct. 31, 2015USD ($)

Oct. 06, 2015USD ($)shares

May. 12, 2015TRY

May. 12, 2015USD ($)

Apr. 15, 2015TRYitem

Apr. 15, 2015USD ($)

Dec. 23, 2014GBP (£)

Dec. 23, 2014USD ($)

Nov. 25, 2014GBP (£)

Nov. 25, 2014USD ($)

Oct. 31, 2014GBP (£)item

Oct. 31, 2014USD ($)item

Aug. 31, 2015shares

Apr. 30, 2015BRLshareholder

Sep. 30, 2015GBP (£)

Sep. 30, 2015USD ($)

Sep. 30, 2015TRY

Sep. 30, 2015GBP (£)

Sep. 30, 2015USD ($)

Apr. 15, 2015USD ($)item

Apr. 04, 2015USD ($)

Dec. 31, 2014USD ($)

Oct. 31, 2014USD ($)item

Acquisitions

Goodwill. | $

$ 75,212,000

$ 80,437,000

ESA

Acquisitions

Number of Minority Shareholders who Exercised Put Option | shareholder

2

Minority shareholders ownership percentage

19.00%

Premium on common stock (as a percent)

25.00%

Consideration requested by sellers | $

$ 4,374,000

Days share price is guaranteed after sale of stock

30 days

Shares issued as part of counter offer | shares

924,736

Ownership interest acquired (as a percent)

91.00%

91.00%

91.00%

Contingent consideration

BRL 10,645,000

$ 3,416,000

ESA | Forecast | Subsequent event

Acquisitions

Treasury stock acquired | shares

129,648

Consideration for acquisition | $

$ 580,000

IMS

Acquisitions

Number of professionals | item

80

80

Consideration for acquisition

TRY 12,411,000

$ 4,640,000

Cash payment

TRY 8,272,000

$ 3,145,000

4,139,000

1,547,000

Acquisition consideration payable

4,400,000

1,626,000

Contingent consideration

TRY 6,100,000

2,255,000

Intangible assets acquired

10,575,000

$ 3,953,000

Goodwill.

TRY 9,421,000

$ 3,522,000

Weighted average life of acquired intangible assets

7 years

7 years

IMS | Client relationship

Acquisitions

Intangible assets acquired

TRY 6,235,000

$ 2,331,000

Weighted average life of acquired intangible assets

10 years

10 years

IMS | Trade names

Acquisitions

Intangible assets acquired

TRY 434,000

$ 162,000

Weighted average life of acquired intangible assets

2 years

2 years

IMS | Acquired contract rights

Acquisitions

Intangible assets acquired

TRY 3,906,000

$ 1,460,000

Weighted average life of acquired intangible assets

2 years 7 months 6 days

2 years 7 months 6 days

IMS | Other Current Liabilities

Acquisitions

Contingent consideration

4,400,000

1,627,000

IMS | Other Liabilities

Acquisitions

Contingent consideration

TRY 1,700,000

$ 628,000

IMS | EBITDA Target 1

Acquisitions

Contingent consideration

TRY 1,700,000

628,000

IMS | EBITDA Target 1 | Minimum

Acquisitions

EBITDA Target

3,500,000

1,294,000

IMS | EBITDA Target 2

Acquisitions

Contingent consideration

1,500,000

554,000

IMS | EBITDA Target 2 | Minimum

Acquisitions

EBITDA Target

3,200,000

$ 1,183,000

IMS | EBITDA Target 2 | Maximum

Acquisitions

EBITDA Target | TRY

TRY 3,500,000

Cadogans

Acquisitions

Cash payment

£ 579,000

$ 894,000

Acquisition consideration payable

600,000

Contingent consideration

£ 200,000

Contingent consideration arrangement, evaluation period

2 years

2 years

Contingent consideration, minimum

£ 0

Hill International (UK) Ltd | Cadogans

Acquisitions

Number of professionals | item

27

27

Consideration for acquisition

£ 2,719,000

$ 4,350,000

Cash payment

£ 400,000

$ 640,000

£ 600,000

$ 960,000

1,000,000

$ 1,600,000

Acquisition consideration payable

£ 719,000

$ 1,090,000

Contingent consideration

£ 200,000

Contingent consideration arrangement, evaluation period

2 years

2 years

Contingent consideration, minimum

£ 0

Number Of Selling Shareholders | item

2

2

Number Of Annual Installments | item

5

5

Maximum annual earn out installment

100,000

152,000

EBITDA Target

£ 396,000

$ 600,000

Hill International (UK) Ltd | Cadogans | Other Current Liabilities

Acquisitions

Acquisition consideration payable

519,000

787,000

Hill International (UK) Ltd | Cadogans | Other Liabilities

Acquisitions

Acquisition consideration payable

£ 200,000

$ 303,000

Hill International (UK) Ltd | Cadogans | Forecast | Subsequent event

Acquisitions

Cash payment

£ 519,000

$ 830,000

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Components of accounts receivable
Billed	$ 240,589	$ 210,460
Retainage, current portion	14,802	12,700
Unbilled	40,715	32,739
Accounts receivable, gross	296,106	255,899
Allowance for doubtful accounts	(59,282)	(60,801)
Total	$ 236,824	$ 195,098

Accounts Receivable (Details 2)

Accounts Receivable (Details 2) - Libya - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts Receivable
Accounts receivable - Libya	$ 49,275,000				$ 59,937,000
Collection amount applied to receivables		$ 6,631,000	$ 6,631,000	$ 2,880,000
Decrease due to foreign exchange losses	$ 1,151,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Summary of acquired intangible assets
Gross Carrying Amount	$ 50,071	$ 50,822
Accumulated Amortization	33,990	31,540
Intangible assets, net	16,081	19,282
Client relationship
Summary of acquired intangible assets
Gross Carrying Amount	34,966	36,412
Accumulated Amortization	21,906	20,758
Acquired contract rights
Summary of acquired intangible assets
Gross Carrying Amount	12,370	11,387
Accumulated Amortization	10,912	9,717
Trade names
Summary of acquired intangible assets
Gross Carrying Amount	2,735	3,023
Accumulated Amortization	$ 1,172	$ 1,065

Intangible Assets (Details 2)

Intangible Assets (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Intangible Assets
Amortization expense related to intangible assets	$ 1,578	$ 1,518	$ 4,609	$ 4,650
Estimated amortization expense of intangible assets for the next five years
2015 (remaining 3 months)	1,455		1,455
2,016	4,339		4,339
2,017	3,055		3,055
2,018	1,953		1,953
2,019	$ 1,679		$ 1,679

Goodwill (Details)

Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Summary of changes in carrying value of goodwill during 2015
Balance at the beginning of the period	$ 80,437
Additions	3,783
Translation adjustments	(9,008)
Balance at the end of the period	75,212
Project Management
Summary of changes in carrying value of goodwill during 2015
Balance at the beginning of the period	53,669
Additions	3,783
Translation adjustments	(7,657)
Balance at the end of the period	49,795
Construction Claims
Summary of changes in carrying value of goodwill during 2015
Balance at the beginning of the period	26,768
Translation adjustments	(1,351)
Balance at the end of the period	$ 25,417

Accounts Payable and Accrued 48

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Components of accounts payable and accrued expenses
Accounts payable	$ 33,640	$ 32,701
Accrued payroll	47,450	41,205
Accrued subcontractor fees	7,642	3,930
Accrued agency fees	5,875	6,920
Accrued legal and professional fees	2,934	1,099
Other accrued expenses	5,769	7,782
Accounts payable and accrued expenses, net	$ 103,310	$ 93,637

Notes Payable and Long-Term D49

Notes Payable and Long-Term Debt (Details) - USD ($)	Sep. 30, 2015	Apr. 02, 2015	Dec. 31, 2014
Summary of outstanding debt obligations
Long-term Debt, Total	$ 143,474,000		$ 128,236,000
Less current maturities	2,982,000		6,361,000
Notes payable and long-term debt, net of current maturities	140,492,000		121,875,000
Loans | PIDC
Summary of outstanding debt obligations
Long-term Debt, Total	723,000	$ 750,000
Term loan
Summary of outstanding debt obligations
Long-term Debt, Total	118,800,000		119,700,000
Revolving credit facility | Domestic Revolving Credit Facility
Summary of outstanding debt obligations
Long-term Debt, Total	8,500,000		200,000
Revolving credit facility | International Revolving Credit Facility
Summary of outstanding debt obligations
Long-term Debt, Total	10,466,000		2,554,000
Revolving credit facility | Consortium of banks in Spain
Summary of outstanding debt obligations
Long-term Debt, Total	4,621,000		5,037,000
Revolving credit facility | Ibercaja Bank In Spain
Summary of outstanding debt obligations
Long-term Debt, Total	197,000		$ 745,000
Other notes payable
Summary of outstanding debt obligations
Long-term Debt, Total	$ 167,000

Notes Payable and Long-Term D50

Notes Payable and Long-Term Debt (Details 2 )	Sep. 26, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015EUR (€)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 26, 2014EUR (€)	Sep. 26, 2014USD ($)
Other Foreign Banks
Notes Payable and Long-Term Debt
Maximum borrowing capacity				$ 80,163,000
US Dollar Revolver | LIBOR
Notes Payable and Long-Term Debt
Basis of effective interest rate (as a percent)	3.75%
US Dollar Revolver | Base Rate
Notes Payable and Long-Term Debt
Basis of effective interest rate (as a percent)	2.75%
International Revolver | EURIBOR
Notes Payable and Long-Term Debt
Basis of effective interest rate (as a percent)	4.00%
Secured Credit Facilities
Notes Payable and Long-Term Debt
Cash excluded from consolidated net leverage ratio							$ 10,000,000
Debt instrument increase in applicable interest rate for past due account receivable limit exceeded						2.00%	2.00%
Consolidated net leverage ratio not to exceed		3.25
Actual net consolidated leverage ratio		3.03
Increase in applicable interest rate upon default (as a percent)	2.00%
Deferred financing fees		$ 7,066,000
Term loan
Notes Payable and Long-Term Debt
Aggregate principal amount							$ 120,000,000
Mandatory prepayment percentage of the excess cash flow for each fiscal year with the first full fiscal year upon the achievement and maintenance of certain metrics	50.00%
Mandatory prepayment percentage of the excess cash flow for each fiscal year with the first full fiscal year upon the achievement net leverage ration is equal to or less than 2.25	25.00%
Consolidated net leverage limit for mandatory prepayment percentage of 25%	2.25
Mandatory prepayment percentage of the excess cash flow for each fiscal year with the first full fiscal year upon the achievement net leverage ration is equal to or less than 1.50	0.00%
Consolidated net leverage limit for mandatory prepayment percentage of 0%	1.50
Term of debt	6 years
Quarterly principal payment, percentage						0.25%	0.25%
Debt issuance costs amortization term	6 years
Term loan | LIBOR
Notes Payable and Long-Term Debt
Basis of effective interest rate (as a percent)	6.75%
Term loan | LIBOR | Minimum
Notes Payable and Long-Term Debt
Variable interest rate basis floor (as a percent)	1.00%
Term loan | One Month LIBOR | Minimum
Notes Payable and Long-Term Debt
Basis of effective interest rate (as a percent)	1.00%
Term loan | Base Rate
Notes Payable and Long-Term Debt
Basis of effective interest rate (as a percent)	5.75%
Term loan | Federal Funds effective rate
Notes Payable and Long-Term Debt
Basis of effective interest rate (as a percent)	0.50%
Term loan | Other Assets.
Notes Payable and Long-Term Debt
Unamortized balances of expenses and fees				5,888,000	$ 6,772,000
Revolving credit facility
Notes Payable and Long-Term Debt
Term of debt	5 years
Deferred financing fees	$ 3,000,000
Debt issuance costs amortization term	5 years
Revolving credit facility | US Dollar Revolver
Notes Payable and Long-Term Debt
Maximum borrowing capacity				30,000,000			$ 30,000,000
Unused facility commitment fees percentage	0.50%
Revolving credit facility | International Revolver
Notes Payable and Long-Term Debt
Maximum borrowing capacity			€ 11,795,000	13,240,000		€ 11,765,000	15,000,000
Unused facility commitment fees percentage	0.75%
Percentage of eligible receivables that are subject to a perfected security interest which are used in calculation of borrowing base	85.00%
Percentage of eligible receivables that are not subject to a perfected security interest which are used in calculation of borrowing base	10.00%
Revolving credit facility | International Revolver | Other Foreign Banks | Foreign credit agreements
Notes Payable and Long-Term Debt
Amounts outstanding				1,881,000
Available borrowing capacity				893,000
Revolving credit facility | Other Assets.
Notes Payable and Long-Term Debt
Unamortized balances of expenses and fees				2,400,000	$ 2,850,000
Letters of credit | US Dollar Revolver
Notes Payable and Long-Term Debt
Maximum borrowing capacity							$ 25,000,000
Amounts outstanding				9,286,000
Available borrowing capacity				$ 12,214,000
Letters of credit | International Revolver
Notes Payable and Long-Term Debt
Maximum borrowing capacity | €						€ 8,000,000
Non Permitted Country | Secured Credit Facilities | Maximum
Notes Payable and Long-Term Debt
Percentage of receivables more than 120 days old						10.00%	10.00%
United Arab Emirates | Secured Credit Facilities | Maximum
Notes Payable and Long-Term Debt
Percentage of receivables more than 120 days old						14.00%	14.00%

Notes Payable and Long-Term D51

Notes Payable and Long-Term Debt (Details 3)	Apr. 02, 2015USD ($)installment	Sep. 30, 2015EUR (€)item	Sep. 30, 2015USD ($)	Dec. 31, 2014EUR (€)	Dec. 31, 2014USD ($)
Description of terms of credit agreement
Total debt			$ 143,474,000		$ 128,236,000
PIDC | Loans
Description of terms of credit agreement
Total debt	$ 750,000		723,000
Interest rate (as a percent)	2.75%
Number of installments | installment	144
Amount payable in each installment	$ 6,121
Revolving credit facility | Consortium of banks in Spain
Description of terms of credit agreement
Total debt			4,621,000		$ 5,037,000
Hill Spain | Revolving credit facility | Consortium of banks in Spain
Description of terms of credit agreement
Total debt		€ 3,986,000	$ 4,486,000
Interest rate (as a percent)		6.50%	6.50%
Number of banks involved in revolving credit facility | item		6
Borrowing capacity		€ 4,005,000	$ 4,507,000	€ 5,340,000
Hill Spain | Revolving credit facility | Consortium of banks in Spain | December 31, 2014
Description of terms of credit agreement
Reduction in maximum available amount percentage				75.00%	75.00%
Hill Spain | Revolving credit facility | Consortium of banks in Spain | December 31, 2015
Description of terms of credit agreement
Reduction in maximum available amount percentage		50.00%	50.00%
Hill Spain | Revolving credit facility | Consortium of banks in Spain | Minimum
Description of terms of credit agreement
Total amount being financed by Financing Entity		€ 284,000	$ 320,000
Hill Spain | Revolving credit facility | Consortium of banks in Spain | Maximum
Description of terms of credit agreement
Total amount being financed by Financing Entity		€ 1,154,000	$ 1,299,000

Notes Payable and Long-Term D52

Notes Payable and Long-Term Debt (Details 4) - 9 months ended Sep. 30, 2015	USD ($)loanfacilityitem	AED	BRL	EUR (€)	USD ($)
Description of terms of credit agreement
Payoff and termination of term loan	$ 27,000
Other Foreign Banks
Description of terms of credit agreement
Maximum borrowing capacity					$ 80,163,000
Letters of credit outstanding					42,042,000
Line of credit | National Bank of Abu Dhabi
Description of terms of credit agreement
Maximum borrowing capacity		AED 11,500,000			$ 3,131,000
Amounts outstanding | AED		AED 0
Line of credit | National Bank of Abu Dhabi | Emirates InterBank Offer Rate
Description of terms of credit agreement
Reference rate	one-month Emirates InterBank Offer Rate
Basis of effective interest rate (as a percent)	3.00%
Effective interest rate (as a percent)	4.41%
Line of credit | National Bank of Abu Dhabi | Emirates InterBank Offer Rate | Minimum
Description of terms of credit agreement
Interest rate (as a percent)		5.50%	5.50%	5.50%	5.50%
Letters of credit | National Bank of Abu Dhabi
Description of terms of credit agreement
Maximum borrowing capacity		AED 200,000,000			$ 54,500,000
Amounts outstanding		AED 95,221,000			25,900,000
Hill Spain | Line of credit | Ibercaja Bank In Spain
Description of terms of credit agreement
Maximum borrowing capacity				€ 175,000	$ 197,000
Decrease in amount on quarterly basis | €				€ 175,000
Interest rate (as a percent)		6.75%	6.75%	6.75%	6.75%
Amounts outstanding | €				€ 175,000
Hill Spain | ICO loan | Bankia Bank
Description of terms of credit agreement
Maximum borrowing capacity				120,000	$ 135,000
Decrease in amount on quarterly basis | €				€ 15,000
Interest rate (as a percent)		5.91%	5.91%	5.91%	5.91%
Amounts outstanding | €				€ 120,000
Engineering S.A. | Revolving credit facility
Description of terms of credit agreement
Maximum borrowing capacity			BRL 2,220,000		$ 542,000
Number of revolving credit lines maintained by Engineering S.A. | item	4
Number of banks involved in revolving credit facility | loanfacility	2
Weighted average interest rate (as a percent)		3.69%	3.69%	3.69%	3.69%
Period of automatic renewal	3 months
Engineering S.A. | Line of credit | Brazil Bank Revolving Credit Facility 1
Description of terms of credit agreement
Amounts outstanding					$ 0

Supplemental Cash Flow Inform53

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Summary of additional cash flow information
Interest and related financing fees paid	$ 9,067	$ 19,662
Income taxes paid	4,242	5,375
Increase in property and equipment from a tenant improvement allowance related to the relocation of the corporate headquarters	3,894
Additional Paid-in Capital
Summary of additional cash flow information
Increase in additional paid in capital from issuance of shares of common stock from cashless exercise of stock options	361	538
Engineering S.A.
Summary of additional cash flow information
Reduction of noncontrolling interest in connection with acquisition of an additional interest	(4,374)	(2,649)
CPI | Additional Paid-in Capital
Summary of additional cash flow information
Increase in additional paid in capital from issuance of shares of common stock	$ 530	$ 618

Earnings per Share (Details)

Earnings per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings per Share
Dilutive stock options (in shares)	684,000	144,000	613,000	186,000
Total number of shares excluded from diluted (loss) earnings per common share	3,208,000	7,437,000	3,773,000	7,460,000

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-Based Compensation
Options outstanding (in shares)	7,908,000		7,908,000
Weighted average exercise price of outstanding options (in dollars per share)	$ 4.40		$ 4.40
Weighted average exercise price of options granted (in dollars per share)			$ 4.03
Weighted-average contractual life of options granted			6 years 10 months 24 days
Aggregate fair value of options granted (in dollars)			$ 2,221,000
Options exercised (in shares)			139,000
Weighted average exercise price of options exercised (in dollars per share)			$ 3.59
Share-based compensation expense recognized (in dollars)	$ 899,000	$ 785,000	$ 2,360,000	$ 2,712,000
Weighted average assumptions used to estimate the fair value of options granted
Average expected life			4 years 10 months 24 days
Volatility (as a percent)			59.10%
Weighted average risk-free interest rate (as a percent)			1.45%
Exercise price of 6.90
Share-Based Compensation
Options lapsed (in shares)			383,000
Weighted average exercise price of options lapsed (in dollars per share)			$ 6.90
Exercise price of 4.40
Share-Based Compensation
Forfeited (in shares)			28,000
Weighted average exercise price of options forfeited (in dollars per share)			$ 4.40
2008 Employee Stock Purchase Plan
Share-Based Compensation
Shares purchased			18,000
Aggregate purchase price			$ 57,000
Options vesting over a five-year period
Share-Based Compensation
Options granted (in shares)			1,035,000
Award vesting period			5 years
Options vested immediately
Share-Based Compensation
Options granted (in shares)			63,000

Stockholders' Equity (Details)

Stockholders' Equity (Details)	1 Months Ended		3 Months Ended		9 Months Ended
	May. 31, 2015director$ / sharesshares	Apr. 30, 2015shareholder	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)$ / shares	Sep. 30, 2014USD ($)
Increase (decrease) in stockholders' equity
Balance					$ 122,000,000
Net earnings (loss)			$ 3,336,000	$ (8,615,000)	8,720,000	$ (1,051,000)
Other comprehensive (loss)					(16,123,000)
Comprehensive earnings (loss)					(7,403,000)
Additional paid in capital					2,915,000
Acquisition of treasury stock					(361,000)
Balance			117,681,000		$ 117,681,000
Weighted average exercise price of options exercised (in dollars per share) | $ / shares					$ 3.59
Cash proceeds received from the exercise of stock options					$ 137,000
Hill International, Inc. Stockholders
Increase (decrease) in stockholders' equity
Balance					113,288,000
Net earnings (loss)					8,045,000
Other comprehensive (loss)					(13,094,000)
Comprehensive earnings (loss)					(5,049,000)
Additional paid in capital					2,915,000
Acquisition of treasury stock					(361,000)
Adjustment related to ESA Put Options					4,374,000
Balance			115,697,000		115,697,000
Noncontrolling Interests
Increase (decrease) in stockholders' equity
Balance					8,712,000
Net earnings (loss)					675,000
Other comprehensive (loss)					(3,029,000)
Comprehensive earnings (loss)					(2,354,000)
Adjustment related to ESA Put Options					(4,374,000)
Balance			$ 1,984,000		1,984,000
Chairman and Chief Executive Officer
Increase (decrease) in stockholders' equity
Number of company's directors | director	4
Options exercised on a cashless basis (in shares) | shares	84,868
Weighted average exercise price of options exercised (in dollars per share) | $ / shares	$ 4.25
Withheld shares as payment for the options (in shares) | shares	67,400
Shares received from transaction | shares	17,468
CPI
Increase (decrease) in stockholders' equity
Stock issued for acquisition of CPI					530,000
CPI | Hill International, Inc. Stockholders
Increase (decrease) in stockholders' equity
Stock issued for acquisition of CPI					$ 530,000
ESA
Increase (decrease) in stockholders' equity
Number of Minority Shareholders who Exercised Put Option | shareholder		2
Noncontrolling Interest, Ownership Percentage by Parent		19.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Effective income tax rate (as a percent)	55.80%	(78.90%)	47.80%	125.80%
Change in reserve due to tax positions taken in foreign jurisdictions	$ 0	$ 0	$ 245,000
Reduction in reserve for effectively settled with the appropriate foreign tax authorities	0	2,514,000		$ 2,514,000
Income tax expense (benefit) resulting from adjustments	(37,000)	206,000	(37,000)	250,000
Components of earnings (loss) before income taxes
Earnings (Loss) before income taxes	7,546,000	(4,815,000)	16,700,000	4,066,000
Income tax expense, net	4,210,000	3,800,000	7,980,000	5,117,000
Reserve for uncertain tax positions	1,220,000		1,220,000		$ 975,000
Increase in reserve for uncertain tax positions related to tax positions taken in foreign jurisdictions				420,000
Potential interest and penalties related to uncertain tax positions	520,000		520,000		$ 592,000
Federal
Components of earnings (loss) before income taxes
Earnings (Loss) before income taxes	(2,541,000)	(16,640,000)	(22,529,000)	(32,137,000)
Foreign Tax
Components of earnings (loss) before income taxes
Earnings (Loss) before income taxes	10,087,000	11,825,000	39,229,000	36,203,000
Income tax expense, net	$ 4,210,000	$ 3,800,000	$ 7,980,000	$ 5,117,000

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue
Consulting Fee Revenue	$ 158,579	$ 145,324	$ 469,458	$ 427,088
Consulting fee revenue (as a percent)	100.00%	100.00%	100.00%	100.00%
Total Revenue	$ 178,935	$ 161,491	$ 530,851	$ 471,143
Total revenue (as a percent)	100.00%	100.00%	100.00%	100.00%
Project Management
Revenue
Consulting Fee Revenue	$ 116,541	$ 106,969	$ 345,122	$ 317,278
Consulting fee revenue (as a percent)	73.50%	73.60%	73.50%	74.30%
Total Revenue	$ 135,539	$ 121,746	$ 402,586	$ 356,959
Total revenue (as a percent)	75.70%	75.40%	75.80%	75.80%
Construction Claims
Revenue
Consulting Fee Revenue	$ 42,038	$ 38,355	$ 124,336	$ 109,810
Consulting fee revenue (as a percent)	26.50%	26.40%	26.50%	25.70%
Total Revenue	$ 43,396	$ 39,745	$ 128,265	$ 114,184
Total revenue (as a percent)	24.30%	24.60%	24.20%	24.20%

Business Segment Information 59

Business Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating Profit
Operating Profit	$ 11,693	$ 11,297	$ 27,952	$ 30,900
Equity in loss of affiliate	(14)		(231)
Operating segment | Project Management
Operating Profit
Operating Income Loss Before Attributable to Affiliate	15,438	12,960	43,268	42,069
Equity in loss of affiliate	(14)		(231)
Project Management	15,424	12,960	43,037	42,069
Operating segment | Construction Claims
Operating Profit
Operating Profit	4,582	5,269	11,687	10,941
Corporate
Operating Profit
Operating Profit	$ (8,313)	$ (6,932)	$ (26,772)	$ (22,110)

Business Segment Information 60

Business Segment Information (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Depreciation and Amortization Expense
Depreciation and amortization expenses	$ 2,863	$ 2,412	$ 8,286	$ 7,276
Operating segment
Depreciation and Amortization Expense
Depreciation and amortization expenses	2,711	2,358	7,986	7,114
Operating segment | Project Management
Depreciation and Amortization Expense
Depreciation and amortization expenses	1,924	1,718	5,637	5,137
Operating segment | Construction Claims
Depreciation and Amortization Expense
Depreciation and amortization expenses	787	640	2,349	1,977
Corporate
Depreciation and Amortization Expense
Depreciation and amortization expenses	$ 152	$ 54	$ 300	$ 162

Business Segment Information 61

Business Segment Information (Details 4)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)country	Sep. 30, 2014USD ($)country	Sep. 30, 2015USD ($)country	Sep. 30, 2014USD ($)country
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 158,579,000	$ 145,324,000	$ 469,458,000	$ 427,088,000
Consulting fee revenue (as a percent)	100.00%	100.00%	100.00%	100.00%
Total Revenue	$ 178,935,000	$ 161,491,000	$ 530,851,000	$ 471,143,000
Total revenue (as a percent)	100.00%	100.00%	100.00%	100.00%
U.S./Canada
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 38,569,000	$ 32,228,000	$ 113,735,000	$ 93,227,000
Consulting fee revenue (as a percent)	24.30%	22.20%	24.20%	21.80%
Total Revenue	$ 53,554,000	$ 43,804,000	$ 159,169,000	$ 122,127,000
Total revenue (as a percent)	29.90%	27.10%	30.00%	25.90%
Latin America
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 8,347,000	$ 10,503,000	$ 23,011,000	$ 32,315,000
Consulting fee revenue (as a percent)	5.30%	7.20%	4.90%	7.60%
Total Revenue	$ 8,398,000	$ 10,535,000	$ 23,092,000	$ 32,577,000
Total revenue (as a percent)	4.70%	6.50%	4.30%	6.90%
Europe
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 23,476,000	$ 18,950,000	$ 64,905,000	$ 58,337,000
Consulting fee revenue (as a percent)	14.80%	13.00%	13.80%	13.70%
Total Revenue	$ 24,814,000	$ 20,266,000	$ 68,534,000	$ 62,160,000
Total revenue (as a percent)	13.90%	12.50%	12.90%	13.20%
Middle East
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 72,441,000	$ 68,043,000	$ 222,572,000	$ 200,045,000
Consulting fee revenue (as a percent)	45.70%	46.80%	47.50%	46.80%
Total Revenue	$ 75,320,000	$ 70,218,000	$ 231,314,000	$ 207,691,000
Total revenue (as a percent)	42.10%	43.50%	43.60%	44.10%
Africa
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 7,225,000	$ 5,580,000	$ 21,329,000	$ 17,864,000
Consulting fee revenue (as a percent)	4.50%	3.80%	4.50%	4.20%
Total Revenue	$ 8,205,000	$ 6,480,000	$ 24,444,000	$ 20,576,000
Total revenue (as a percent)	4.60%	4.00%	4.60%	4.40%
Asia/Pacific
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 8,521,000	$ 10,020,000	$ 23,906,000	$ 25,300,000
Consulting fee revenue (as a percent)	5.40%	7.00%	5.10%	5.90%
Total Revenue	$ 8,644,000	$ 10,188,000	$ 24,298,000	$ 26,012,000
Total revenue (as a percent)	4.80%	6.40%	4.60%	5.50%
U.S.
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 37,854,000	$ 31,309,000	$ 111,436,000	$ 90,533,000
Consulting fee revenue (as a percent)	23.90%	21.50%	23.70%	21.20%
Total Revenue	$ 52,774,000	$ 42,876,000	$ 156,715,000	$ 119,378,000
Total revenue (as a percent)	29.50%	26.60%	29.50%	25.30%
Non - U.S.
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 120,725,000	$ 114,015,000	$ 358,022,000	$ 336,555,000
Consulting fee revenue (as a percent)	76.10%	78.50%	76.30%	78.80%
Total Revenue	$ 126,161,000	$ 118,615,000	$ 374,136,000	$ 351,765,000
Total revenue (as a percent)	70.50%	73.40%	70.50%	74.70%
Non - U.S. | Consulting fee revenue | Geographic concentration risk
Consulting Fee Revenue by Geographic Region
Number of countries | country	0	0	0	0
Non - U.S. | Total revenue | Geographic concentration risk
Consulting Fee Revenue by Geographic Region
Number of countries | country	0	0	0	0
United Arab Emirates
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 29,642,000	$ 18,666,000	$ 83,613,000	$ 52,385,000
Consulting fee revenue (as a percent)	18.70%	12.80%	17.80%	12.30%
Total Revenue	$ 30,910,000	$ 19,112,000	$ 85,898,000	$ 53,352,000
Total revenue (as a percent)	17.30%	11.80%	16.20%	11.30%
Oman
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue		$ 16,098,000		$ 50,175,000
Consulting fee revenue (as a percent)		11.10%		11.70%
Total Revenue		$ 16,960,000		$ 53,773,000
Total revenue (as a percent)		10.50%		11.40%

Business Segment Information 62

Business Segment Information (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 158,579	$ 145,324	$ 469,458	$ 427,088
Consulting fee revenue (as a percent)	100.00%	100.00%	100.00%	100.00%
Total Revenue	$ 178,935	$ 161,491	$ 530,851	$ 471,143
Total revenue (as a percent)	100.00%	100.00%	100.00%	100.00%
U.S. federal government
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 2,295	$ 4,562	$ 7,061	$ 11,169
Consulting fee revenue (as a percent)	1.40%	3.10%	1.50%	2.60%
Total Revenue	$ 2,802	$ 5,894	$ 8,651	$ 13,763
Total revenue (as a percent)	1.60%	3.60%	1.60%	2.90%
U.S. state, regional and local governments
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 21,630	$ 19,989	$ 63,921	$ 55,029
Consulting fee revenue (as a percent)	13.60%	13.80%	13.60%	12.90%
Total Revenue	$ 34,793	$ 28,627	$ 101,402	$ 74,456
Total revenue (as a percent)	19.40%	17.70%	19.10%	15.80%
Foreign governments
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 51,136	$ 54,361	$ 160,694	$ 165,325
Consulting fee revenue (as a percent)	32.30%	37.40%	34.20%	38.70%
Total Revenue	$ 54,578	$ 57,825	$ 171,615	$ 175,490
Total revenue (as a percent)	30.50%	35.80%	32.40%	37.20%
Private sector
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 83,518	$ 66,412	$ 237,782	$ 195,565
Consulting fee revenue (as a percent)	52.70%	45.70%	50.70%	45.80%
Total Revenue	$ 86,762	$ 69,145	$ 249,183	$ 207,434
Total revenue (as a percent)	48.50%	42.90%	46.90%	44.10%

Business Segment Information 63

Business Segment Information (Details 6) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	$ 22,565	$ 11,643
U.S./Canada
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	12,476	3,358
Latin America
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	971	1,101
Europe
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	2,850	2,191
Middle East
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	4,440	3,428
Africa
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	988	901
Asia/Pacific
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	840	664
U.S.
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	12,476	3,358
Non - U.S.
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	$ 10,089	$ 8,285

Client Concentrations (Details)

Client Concentrations (Details) - client	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consulting fee revenue | Customer concentration | Oman
Concentrations of Credit Risk
Number of clients		1		1
Percentage of concentration risk		10.40%		11.10%
Consulting fee revenue | Contracts with U.S. federal government agencies
Concentrations of Credit Risk
Percentage of concentration risk	1.40%	3.10%	1.50%	2.60%
Total revenue | Customer concentration | Oman
Concentrations of Credit Risk
Number of clients				1
Percentage of concentration risk				10.10%
Total revenue | Contracts with U.S. federal government agencies
Concentrations of Credit Risk
Percentage of concentration risk	1.60%	3.60%	1.60%	2.90%

Commitments and Contingencies (

Commitments and Contingencies (Details)	Oct. 31, 2015GBP (£)	Oct. 31, 2015USD ($)	Oct. 05, 2015USD ($)	Jun. 15, 2015AED	Jun. 15, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015GBP (£)	Sep. 30, 2015USD ($)	Apr. 30, 2015BRL
ESA
Acquisition-Related Contingencies
Ownership interest acquired (as a percent)								91.00%	91.00%
Contingent consideration									$ 3,416,000	BRL 10,645,000
Cadogans
Acquisition-Related Contingencies
Acquisition consideration payable | £	£ 600,000
Amount of cash paid to acquire the entity	579,000	$ 894,000
Net assets | £	£ 1,000,000
Contingent consideration arrangement, evaluation period							2 years
Contingent consideration, minimum | £								£ 0
Contingent consideration | £								£ 200,000
Plaintiff
Acquisition-Related Contingencies
Possible loss contingency							$ 8,771,000
Settlement amount			$ 2,596,000
Interest amount			1,056,000
Interest accrued			$ 448,000
Interest amount charged to expense						$ 608,000	$ 608,000
Plaintiff | Former executive
Acquisition-Related Contingencies
Possible loss contingency | AED				AED 4,536,239
Settlement amount				AED 750,000	$ 200,000
Additional settlement payment						100,000
Legal costs						$ 834,000
Hill Spain | ESA
Acquisition-Related Contingencies
Ownership interest acquired (as a percent)								91.00%	91.00%
Multiple of earnings for determining purchase price of minority shares								7	7
Call option Purchase price premium if exercised by Gerens Hill (as a percent)							5.00%
Call/put option exercise period after audited financial statements							3 months

Other Matters (Details)

Other Matters (Details)	9 Months Ended
	Sep. 30, 2015USD ($)employee	Apr. 02, 2015USD ($)	Dec. 31, 2014USD ($)
Grant received	$ 1,000,000
Minimum capital expenditure required to be made to receive grant	$ 6,425,000
Minimum term of lease	7 years
Minimum persons to be employed | employee	359
Term of lease	12 years
Loan	$ 143,474,000		$ 128,236,000
Tenant improvement allowance from landlord	$ 3,894,000
Amortization period for tenant improvements	12 years
Commonwealth of Pennsylvania | Maximum
Tax credits	$ 666,000
City of Philadelphia | Maximum
Tax credits	1,150,000
Loans | PIDC
Loan	723,000	$ 750,000
Loans payable with certain conditions | PIDC
Loan	$ 345,000

Subsequent Event (Details)

Subsequent Event (Details)	Nov. 03, 2015USD ($)
Subsequent event | Secured Credit Facilities
Subsequent event
Waiver fees and out-of-pocket expenses	$ 81,900